2024-07-10 13:04:56 ET
Summary
- Greif, an industrial packaging player, has faced a difficult twelve months losing 15% and underperforming its material and small-cap peers.
- Greif is facing volume challenges across multiple regions, but sequential improvements can be seen, as global manufacturing PMI trends improve and benefits from recent price hikes get reflected.
- Spike in leverage, limited FCF uplift, and pricey forward valuations also make Greif stock unattractive for investment at the moment.
- The stock has broken down from a multi-year channel, with selling pressure yet to abate.
Introduction
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For further details see:
Greif: Not Compelled To Shift Our Neutral Stance