Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

International Greetings - the Christmas Classic

If you are looking for an all time Christmas classic share then look no further than International Greetings, the AIM quoted designer and manufacturer of gift wrap, bows and ribbons, Christmas cards and Christmas crackers.

The group's website tell us that each they manufacture:

120 million Bows
220 million Cards
38 million Crackers
and 1 billion feet of Wrapping Paper.

The company floated on AIM in 1995 (it's one of the AIM old boys) at 50p/share and it's share price has risen to the current level of c437p resulting in a market cap of just over £200m.

It has the unusual distinction of having Joint Chief Executives. There are those in the City who frown at this odd arrangement, however, it seems to have worked well up to now, so why change a winning formula.

The stock yields just over 2% and receives a good following from the Inheritance Tax portfolio managers who are on the look out for larger AIM stocks like International Greetings.

With a relatively lacklustre share performance in 2006 the shares might be cause for celebration in 2007!

 

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