Ropak

Nature of business: Makes plastic packaging and handling products. Total employees: 650 In Orange County: 25 Stock listing in The Times: On NASDAQ as “Ropak” Ticker symbol: “ROPK” Friday’s close: $6 One-week change: Down $0.25 Analyst review: “Ropak is at the beginning of a substantial turnaround as confirmed by the results of its first two quarters; earnings are well above last year and have exceeded investors’ expectations. We think it is capable of earning 90 cents a share this year. There are a couple of reasons we think Ropak is an interesting investment: It is in an understandable business, and it is valued reasonably--it is selling at three times cash flow per share, just above book value and is earning seven times our estimates. All of these valuation measures indicate a cheap stock. My guess is that over the next three to five years it is entirely possible that the company could be acquired. We think Ropak is an extremely interesting small-company stock.” --Peter Melhado, chief investment officer Horsburgh Carlson, New York Corporate outlook: “The earnings results of the first six months of this year reveal the underlying strength of Ropak’s packaging container business. As the economy recovers, the company will continue to get stronger. The historical masking of the strength of the business was brought on by activities and circumstances that no longer exist. The collapsible-bin division passed through the break-even point late in 1991 and will continue to contribute.” --W.H. Roper, chairman/CEO Sales and Profits Dollar amounts in millions. Sales ’89 89.8 ’90 91.2 ’91 94.0 2 Quarters ’91 50.5 ’92 50.6 Profits ’89 +.807 ’90 -.219 ’91 -1.3 2 Quarters ’91 .491 ’92 2.0 RETURN ON INVESTMENT: 3-YEAR SUMMARY AND YEAR-TO-DATE

FISCAL YEAR ENDING DEC. 31, ’89 DEC. 31, ’90 52-Week High $10.63 $9.25 52-Week Low $5.75 $4.25 Book Value per Share $7.41 $7.38 Price per Share $6.75 $4.75 Net Earnings (Loss) per Share $0.21 ($0.60) Price-to-Earnings Ratio 32:1 N/A Average Return on Investor Equity 3% N/A

FISCAL YEAR ENDING DEC. 31, ’91 52-Week High $9.25 52-Week Low $4.00 Book Value per Share $6.46 Price per Share $5.50 Net Earnings (Loss) per Share ($0.33) Price-to-Earnings Ratio N/A Average Return on Investor Equity N/A

FISCAL YEAR ENDING 2 QTRS. ’91 2 QTRS. ’92 52-Week High $9.25 $7.13 52-Week Low $4.00 $3.75 Book Value per Share $5.49 $5.91 Price per Share $6.63 $4.50 Net Earnings (Loss) per Share $0.12 $0.48 Price-to-Earnings Ratio 28:1 5:1 Average Return on Investor Equity 4% 16%

For more information, write Ropak Corp.: 660 S. State College Blvd., Fullerton, Calif. 92631, (714) 870-9757 Source: Ropak Corp. Researched by DALLAS M. JACKSON / Los Angeles Times