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OI - O-I Glass: Buy This Turnaround
November, 23 2020 01:35 PM
Owens-Illinois Inc.
The company is making vast amounts of cash from limited CAPEX, but interest expenses are eating a big portion of it. Asbestos claims are slowly getting to an end, and this will allow the company to continue making strong cash in the medium term. The global glass packaging market is likely going to grow in the long term. The MAGMA technology will likely improve margins as soon as it gets implemented. Investors shouldn't count on the dividend resumption, given the balance sheet weakness. For further details see:
O-I Glass: Buy This Turnaround
Stock Information
Company Name:
Owens-Illinois Inc.
Stock Symbol:
OI
Market:
NYSE
Website:
o-i.com
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