Investment Thesis
Greif (GEF) is trading at a nice discount of ~43%. For many years, sales have been stagnant and even declined slowly until 2017. So stagnant was the company's performance that the management froze the dividend for 7 consecutive years until 2018. Since then, the company has been reporting strong sales growth, which has been depressed during the last two quarters due to the crisis of the coronavirus pandemic. This crisis comes at the worst moment possible for Greif, as it just made a major acquisition by acquiring Caraustar Industries in December