Owens-Illinois, Inc. (NYSE:OI)
CAPS Rating:
The Company is a manufacturer of packaging products and glass containers. It also manufactures health care packaging including plastic prescription containers and medical devices and plastic closure systems.
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way too expensive, look for sell off by mutual funds that are holding it. Fidelity Value has this as one of its top holdings. That's right, fidelity VALUE! I don't know who would want to hold this stock after its run up, especially not value investors with a p/e of 73. I don't understand how this can be priced so high. Maybe I'm missing out on something but until I figure out what I'd recommend shorting this one.