Bottled-Up Value?

Published on
July 5th, 2018
Duration
10 minutes

Bottled-Up Value?

Trade Ideas ·
Featuring Peter Boockvar

Published on: July 5th, 2018 • Duration: 10 minutes

Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group, discusses the opportunity he sees in beverage container maker Crown Holdings. He explains the fundamental catalysts that could rocket the stock higher in this interview with Justine Underhill. Filmed on June 28, 2018.

Comments

  • GH
    Gary H.
    22 May 2019 @ 19:06
    Bought on the recommendation. Up 35% so far, Thanks Peter
  • CM
    C M.
    10 July 2018 @ 03:30
    This is my type of play outside of the high debt. One red flag is executive compensation. Total Exec Comp has risen from $9 million to $32 million over last four years while stock has gone nowhere, free cash flow is flat, and EPS is flat. And while the CEO made an insider buy of stock, his compensation rose from $3 million to $12 million over last 4 years. Rather see compensation tied to performance.
  • DC
    D C.
    5 July 2018 @ 20:25
    In Containers & Packaging, if looking for value plays (examined through a prop factor with much better future performance correlation than low P/E), then WRK, IP, SLGN, GEF, BERY could even be better.
    • JM
      Jude M.
      11 July 2018 @ 05:35
      Can you clarify what you mean by prop factor please?
  • JP
    John P.
    5 July 2018 @ 19:41
    I'm not sure where I'm going wrong, but every listed online resource does not have this stock at a single digit P/E.
    • NI
      Nate I.
      7 July 2018 @ 02:25
      It's forward looking. The 2019 cheer leader, uh... I mean analyst, consensus estimate is $6.02. Take $45.40/$6.02 = 8 (rounded up to a single digit).
  • JF
    James F.
    5 July 2018 @ 17:40
    LBY even cheaper....
  • SH
    Steve H.
    5 July 2018 @ 17:27
    Not for me at this stage of the market cycle, but nonetheless an interesting idea well-argued, Certainly one to keep an eye on the other side of the next significant general decline.
  • SS
    Steve S.
    5 July 2018 @ 12:15
    If the trade horizon is 1 or 2 years and we expect a major market correction to come at some point down the line, I would rather wait.
    • DS
      David S.
      5 July 2018 @ 15:43
      I purchased an initial position. I am looking for basic companies that operate in many different countries re: Tri-Polar World interview. DLS
    • RD
      Ravi D.
      5 July 2018 @ 19:17
      what's the basis of your expectation of a major market correction in next 1-2 years?