oooopha PE under 7. You know we are going to run into value traps.. zombie stocks but Berry is not one of them.
Berry Global Is Now Trading At 7 Times Earnings And A 17% FCF Yield
Sep. 24, 2022 11:35 AM ETBerry Global Group, Inc. (BERY)8 Comments
Summary
- Berry Global is a large producer of plastic packaging solutions.
- The underlying cash flows remain very strong. Berry expects to generate $750M in free cash flow this year.
- This includes a non-recurring $150M investment in the working capital and supply chain issues.
- GBA UPGRADE TO BUY- BERY // Berry Global @ $47.45 <-----------------
VZ I used Berry from the late $40's and got out in the $58 area.
It had a nice run now what? I see the cup with a handle and if you back out there is a huge
cup with a handle as well... Double cups?
It is a name perhaps best viewed from the sidelines until they report.But a move eventually to $70 is in the cards.
The sector is still strong. Packaging multiples are well off their lows relative to the S&P, but remain at a discount to pre-pandemic levels.~si
