Five reasons to buy Transpacific

Transpacific has cleaned up its act under new management yet its share price is still down in the dumps.

Transpacific Industries’ share price peaked above $11 in July 2007, 20 years after the company was founded and two years after the stock joined the ASX in May 2005 at $2.40. Founder Terry Peabody’s debt-fuelled acquisition strategy was extremely risky and the share price eventually collapsed to 55 cents in October 2011 following several capital raisings.

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