They wanted the next Cisco and Microsoft, and all that stuff, and they were willing to pay a high price, but they wanted growth at any price. And as those other stocks started to crack a little bit, starting in about September, October, packaging had a very, very nice bounce. I should back up for a second too because in about June or July, packaging hit a more than 20-year low. It was the lowest valuation I ve ever seen. Then starting in about September, October the stocks bounced.
People are selective, but they ve opened up to value ideas.
That s not so bad, but a year ago everybody would have probably said thanks but no thanks. I think you mentioned five recommendations in this sector. The third one is kind of borderline between both areas, but it s still more on the growth side. Despite the slowdown that everybody else is feeling, Aptar continues to chug along. Aptar is a little bit of a weirdo company in that they dominate a niche that nobody else is really in, or if they are, it s not in a big way.