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BERY - Berry Global Group: High Cash Flow Share Repurchases And Low Forward P/E
Berry Global Group Inc.
Investment Thesis
Berry Global Group Inc (BERY) is an attractive company trading at a low forward P/E of 12.9 and around a 10% FCF yield. We believe that the high free cash flow, large share repurchases and positive acquisitions will lead to 40% upside in the next 18 months.
Mispricing
High Free Cash Flow
BERY has worked hard to continue to growth their free cash flow. This is with a record amount expected amount of cash flow expected in 2019 and $715 million for the previous four quarters, representing a 10% free cash