I been doing a bit of digging on SIG to see if there are value...

I been doing a bit of digging on SIG to see if there are value but I dont think it very rosy going forward

Their earning has been mask by buy back but their margin is dropping at a scary pace in the last few years
it going from 2.4% to 1.9% EBIT margin that a dropping of 20% in 3 years

in order for them to keep up they forever more need to ramp up the revenue for very very small return.

Competition also heat up in this sectors with some new players, they all out of claiming their market share from SIG.

with that background, you can easily see how and why CW can get cheaper stuff and get into this legal tussle

so basically the margin telling you, there are a lot of competition in this space, SIG is the big player so they have more to lose in term of market share.

take what you will out of that but I be careful holding this long term going forward