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SMFTF - Smurfit Kappa: Still A Cash Flow Machine In The Packaging Sector
Smurfit Kappa Plc Ord
Introduction
As I am a shareholder of Smurfit Kappa (SMFTF) (SMFKY), I like to keep an eye on the company’s performance on a half-year basis. The first half of 2020 was quite important as I wanted to see how the company was weathering the COVID-19 storm. I originally purchased my position in Smurfit Kappa based on its strong and resilient free cash flow profile and the good coverage of the dividend.
Source: Yahoo Finance
The US listing of Smurfit Kappa is quite illiquid so its two European listings (Dublin and