Goodpack

Goodpack: Goodpack updated shareholders that discussions with relevant parties on a possible transaction- which may lead to a share offer, are still on-going. Market watchers hypothesize that interested parties include private equity firm KKR, Blackstone and Carlyle, China Int’l Marine Containers, and Brambles. Founder David Lam, who owns a 32% stake in Goodpack, “is said to be open towards a takeover offer”. At the current price of $2.31, Goodpack shares are trading close to its all-time high of $2.46 (24 Jul '07), and valued at 17.9x forward P/E and 2.8x P/B. The street has 3 Buys and 3 Holds with a mean TP of $2.36.