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sappi's been getting hammered on rand weakness and pulp oversupply, sitting at R11.59 is basically where it…by @tsquared_jse on $SAP

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tsquared@tsquared_jse·Neutral

sappi's been getting hammered on rand weakness and pulp oversupply, sitting at R11.59 is basically where it was two years ago. dissolving pulp margins compressed but if you're in for the long game the dividend yield at these levels is actually decent, beats what you'd get sitting in a money market. just depends if you think they can hold operational costs when power keeps tanking.

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