Thesis
In this article, I have analyzed the FY 2018 performance of Packaging Corporation of America (PKG) delivered by its two main business segments namely Packaging and Paper. I have also compared PKG with an industry peer in terms of certain key performance metrics such as valuation, margins, and dividend profile. All these metrics indicate that PKG has delivered strong fundamental performance during the past 5 years. Apparently, the company's excessive debt profile might appear to be a problem, but not in reality. I have elaborated on how the debt profile has actually