SEE

Sealed Air Corp.

Industrial/Transportation


Presented:04/08/2020
Price:$28.59
Cap:$4.42B
Current Price:$34.99
Cap:$5.10B

Presented

Date04/08/2020
Price$28.59
Market Cap$4.42B
Ent Value$9.82B
P/E Ratio15.12x
Book ValueN/A
Div Yield2.24%
Shares O/S154.67M
Ave Daily Vol1,645,568
Short IntN/A

Current

Price$34.99
Market Cap$5.10B
Sealed Air Corp. engages in the provision of food safety and security, facility hygiene and product protection services. It operates through the following segments: Food Care and Product Care. The Food Care segment focuses on providing processors, retailers and food service operators a broad range of integrated system solutions that improve the management of contamination risk and facility hygiene during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes. The Product Care segment offers costumers a portfolio of Product Care systems designed for use across a range of applications and industries. The company was founded by Alfred W. Fielding and Marc Chavannes in 1960 and is headquartered in Charlotte, NC.

Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Amcor PLC (AMCR), Sealed Air Corp (SEE), Tyson Foods Inc (TSN)

Highlights

The presenter is long shares of Sealed Air Corp (SEE), which has been the target of various short pitches over the past couple of years. He views the short thesis that SEE is a “plastic-exposed, serial restructurer” as a misunderstanding of certain explainable dynamics, and had considered the stock, which had traded down from ~20x earnings to the LDD range, undervalued prior to the COVID-19 outbreak. Now that shares have continued to trade down below $30 (<10x 2020 consensus EPS, ~9x 2021 consensus EPS), he sees a great opportunity to buy a high-quality asset at an even further discounted price, with specific upcoming catalysts that could cause the stock price to appreciate materially.

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Idea Discussion

Commentor 1 - 2 weeks ago

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