bullish
Berry Global, Part II
SUMMARY
- This is a reactivation of an old idea Berry Global (BERY) that I wrote about 2 years ago. It is basically a roll up in the plastic packaging business.
- The first rule of roll up investing is that you want organic growth. Without organic growth it will be hard to get long term returns or an earnings multiple above 10x.
- I wrote this stock up in early 2022 and sold it 6 months later at $61 for a 13% profit just below where it is trading now.
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