I am now a tiny “business owner” of carton boxes. My new love! I did not find much information about Tat Seng Packaging on the WWW, except for its most recent annual report released for FY2016. Even its Investor Relations website has only been last updated in 2015. But I wasn’t worried, because their business model is very straight forward and simple to understand – they produce all types of cardboard/corrugated boxes. I mentioned the three reasons why I bought the company’s shares and I quote it here again. Strong balance sheets, very little debt and decent dividend yield I wouldn’t go too much in depth into fundamental analysis since you can do the calculations yourself and with the information from SGX’s website and their annual reports. I would, however, like to comment on something else that I have learnt recently. I will do a simple analysis of how liquid inventory ......