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PKG - Packaging Corp. Of America: An Acceptable Q2 But It's Getting Expensive
Packaging Corporation of America
Packaging Corp. of America's Q2 EPS was shockingly low, due to an impairment charge.
Considering impairment charges are non-cash expenses, this had no impact on the free cash flow result, which came in at $165 million for Q2 and $365 million for H1.
I'm on the sidelines as the share price is approaching all-time highs.