Isn't this basically the effect of overall sentiment about the outlook of those industries? There is less investment relative to size in pulp and paper because

Isn't this basically the effect of overall sentiment about the outlook of those industries? There is less investment relative to size in pulp and paper because it's perceived as a dying industry and more is SaaS because it's perceived as growth. I get the idea of taking a contrarian position if you think the market is wrong. This analysis looks like it just reflects back market sentiment.