Fantastic results, really happy to be an owner. Mind you,...

Fantastic results, really happy to be an owner. Mind you, kicking myself at $14's that I didn't average down but was waiting for something with a $13 at the front.

The results are demonstrating the Bemis acquisition is coming along faster than expected. Top line is experiencing 3% organic growth which is great, and bottom line is also improving. EPS are accelerating (15.8c in Q1 to 17.5c in Q2, 33.3c for 1H); EBIT accelerating ($358m in Q1, $385m in Q2, $743m for H1); and synergies realised of $35m already with forecast to be at the top of the range ($70m). The additional $200m share buyback is really a huge bonus, and at these prices it's a great allocation of capital by management. Only risk for the AMC holders is the exchange rate (which at least has stopped deteriorating for the moment) and the high debt levels (still increasing).

I had posted elsewhere on HC that I thought a 4.6% dividend yield with dividend growth of around 6% CAGR and EPS growth of 10-14% is a ridiculously good investment for this Stalwart.