BERY

Berry Plastics Group Inc

Industrial/Transportation, Event Driven/Special Sit


Presented:04/20/2016
Price:$36.15
Cap:$4.52B
Current Price:$69.98
Cap:$8.02B

Presented

Date04/20/2016
Price$36.15
Market Cap$4.52B
Ent Value$10.40B
P/E Ratio58.31x
Book ValueN/A
Div Yield0%
Shares O/S124.90M
Ave Daily Vol1,859,694
Short Int4.43%

Current

Price$69.98
Market Cap$8.02B
Berry Plastics Group, Inc. engages in the manufacture and marketing of value-added plastic consumer packaging and engineered materials. It operates through the following segments: Rigid Packaging, Engineered Materials, and Flexible Packaging. The Rigid Packaging segment comprises of both Rigid Open Top and Rigid Closed Top, which includes containers, foodservice items, closures, over caps, bottles, prescription containers, and tubes. The Engineered Materials segment consists of pipeline corrosion protection solutions, tapes and adhesives, PE-based film products and can liners. The Flexible Packaging segment consists of high barrier, multilayer film products as well as finished flexible packages such as printed pouches. The company was founded on November 18, 2005 and is headquartered in Evansville, IN.

Publicly traded companies mentioned herein: Berry Plastics Group Inc (BERY)​

Highlights

The presenter is long shares of Berry Plastics (BERY), expecting meaningful upside from the AVINTIV acquisition. On top of cost and revenue synergies from AVINTIV, the presenter also expects the company to return its attention to deleveraging and improving its capital structure. The presenter is modeling $4.50 of FCF for calendar 2017, and thinks BERY shares can appreciate into the $60s by the end of 2017.

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Idea Discussion

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