bullish
Berry Global Group Inc (BERY) - Wednesday, Jul 17, 2024
SUMMARY
- BERRY (BERY) has had a challenging start to the year but recent market trends have created an interesting investment opportunity for the company.
- BERY had been in a strategic review process for its HH&S business, with expectations for a sale to improve their balance sheet, but instead announced a spin off with Glatfelter Corporation (GLT), causing a drop in stock price.
- The stock is now in a state of "DEAL PURGATORY" until the transaction is completed, leading to a selloff in the stock price and possible undervaluation for investors to consider.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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