MONDF - Mondi: Ongoing Value At The Current Price

2024-01-23 00:44:57 ET

Summary

• Mondi is facing tougher business conditions due to weak global economy and lower demand for packaging products, leading to lower prices.
• The company's business performance has been weak, with quarterly underlying EBITDA lagging behind last year.
• Despite the challenges, Mondi remains well-positioned in the long term with a global network, customer relationships, and focus on cost control. The company is proposing a special dividend and share consolidation.

U.K.-listed global packaging producer Mondi ( OTCPK:MONDF ) is currently seeing tougher business conditions as a weak global economy affects demand for packaging products, pushing down prices. However, I continue to like the business which I see as a well-run and reliable operator....

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