direction, page-8

Flat bloater asks about the potential downside of CCL.

CCL management has already been upfront about extra grocery competition impacts.

The share price has dropped from $15.40 already, down 20%.

I would have thought the upside is reasonably apparent given CCL's iconic brand and there being, at the very least, a good entry point for long term holders of the stock. The stock has market dominance which means it has some competitive characteristics a bank may have.