BULL POINTS
â– Exposure to emerging markets
â– Market leading positions
â– Good play on economic recovery
â– Potential for re-rating
BEAR POINTS
â– Relatively unsophisticated products
■£88m debt pile
IC TIP:
Buy
at
217p
Yule Catto used to be dismissed as a perennial underperformer. That's understandable given its chequered history, spanning nearly 150 years and almost as many industries. But in its latest guise as a global supplier of polymers - a type of chemical - it's looking more focused yet better diversified than ever before. Judging by its resilience during the recession, its plan is paying off.