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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Recent sell-off of plastic containers business, plant closures and layoffs will damage earnings in the short term, but were the right move to sustain operations long-term. Cash flows and debt levels remain healthy. May continue to bleed out for a while in the short term, but I believe they've positioned themselves well for a comeback long-term.