Another China Gem: ONP
A first hand visit with Orient Paper
Written by Douglas Estadt
Orient Paper sells fine writing paper, corrugated paper for boxes (playing into our “selling picks and axes” them again) and they recently started production of paper for digital photographs. We are long China and one of our friends Dr. Eric Jackson, just visited China a couple weeks ago and met with the management team of ONP and came away very impressed with them and their prospects for continued growth, especially in their new area in digital photography paper.
Today Dr. Eric Jackson, of Ironfire Capital LLC, is
sharing with us why it’s one of his top China picks.
- Orient Paper has 2 plants, operating at three-shifts-a-day capacity, churning out its paper products.
- Only three to five China-based companies are producing digital photography paper and ONP gets 30%-plus margins, versus its 20%-plus margins on its other businesses.
- Zhenyong Liu, CEO, founded company in 1996 and still owns 35%. We like CEO /Founders and also high insider ownership.
For more with Dr. Eric Jackson, view the video below
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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