Another solid result in the face of challenging market conditions, reflecting a resilient business model combined with a competent management team that exercises good operational control.
And Berry acquisition will be a scale game changer for the AMC's rigids packaging business. Also, management states that the confidence in synergies to be garnered from Berry acquisition have increased (which is management-speak for "The synergy benefits look like they are going to exceed our initial expectations.")
AMC is too good a quality business, with better long-term prospects for shareholder value creation, to be valued by the market at a mere 13.8x P/E multiple.
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AMC Price at posting:
$16.25 Sentiment: None Disclosure: Held
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