ACCO
They have reported excellent results with what you said. I admit the balance sheet is weak, I also don't know how you got 1.7 billion in debt than again it matters what you consider debt.
Also book value is positive by a decent amount. I guess you mean tangible book value. Which admittingly has improved almost $2.5 from last year this time. If you believe they will continue to grow earnings (I do), and believe the business will do well in rain and shine, unless we have another lockdown which I doubt. They should be able to easily improve there balance sheet drastically over the coming years, and debt should come down as well. In fact if you look at december versus december, current and Long-term debt were down almost 170 million from the previous year. I admit the balance sheet is the weakness on the stock, but it is easily manageable, and debt will continue to be reduced over time which will minimize the impact of rising interest rates, yes interest rates go up, but if debt levels over time go down, Interest expense doesn't soar which is the whole reason why we are worried about rising interest rates here in my opinion. All is just my opinion, and I could always be wrong though.
