Tredegar is a company undergoing a business transition. 11 years ago, it was predominantly a plastic business with an aluminum extrusion business. Today, it is an aluminum extrusion company with a plastic arm.
But its performance since then is nothing to shout about. As can be seen from the chart, over the past 11 years, the contribution from the plastic products businesses has been declining. PAT was very volatile over the past 11 years with 3 years of losses. This led to an average ROE of negative 4%.
Looking at the results, do you think that Tredegar made the correct strategic choice to focus on alumunium? For more insights refer to page 21 of INVEST