Rexam PLC (ADR) (NASDAQOTH:REXMY)
Manufacturer and supplier of paper and packaging solutions to the beauty, food, beverage and healthcare industries.
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I figure we'll be in this recession for a while. Rexam mainly manufactures cans and plastic packaging. People are more likely to stay in rather than eat out, which means plenty of drink (beer) cans consumed. Beaten down a bit...should probably be closer to $40 than $20.
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just take time
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A Big Acquisition forced this stock down. However, this acquisition should have drove the prices up. As the earnings are going to go up.
Currently a great value.
with a forward P/E of 13.9, and a 2.36 price to book value. This gets a thumbs up from me.
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Third biggest packaging company in the world and has large contracts with beer, purfume, bottling companies
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