Spruce Point Capital Management Releases A Strong Sell Research Opinion On Amcor plc (NYSE: AMCR / ASX: AMC)
Amcor plc Ordinary Shares (AMCR)
Last amcor plc ordinary shares earnings: 2/11 04:15 pm
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Company Research
Source: PR Newswire
NEW YORK, March 10, 2020 /PRNewswire/ -- Report entitled "A Core Short" outlines how Amcor plc ("AMCR" or "the Company") faces 40%-60% downside risk to approximately $3.60-$5.40 per share. The full contents of the report can be reviewed at www.sprucepointcap.com. Amcor is a roll-up, and newly created S&P 500 company, formed through a stock-for-stock merger between Amcor (Australia) and Bemis (U.S.). Its shares trade on both on the NYSE: AMCR and ASX: AMC. As two companies in the global packaging industry with large exposure to the consumer and beverage industry (PET bottles, plastic bags, tobacco), we believe Amcor is facing cost and revenue challenges as the world moves toward healthier and more environmentally conscious solutions. Based on our forensic review of the deal rationale touted by Amcor, we are able to disprove or question a majority of its promotional selling points. We also believe Amcor is obscuring significant financial strain (organic revenue decline 3.0% - 4.0%, cash
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News
- Berry Global Set to be Acquired by Amcor in an All-Stock Deal [Yahoo! Finance]Yahoo! Finance
- Poultry Packaging Market to surpass USD 6.5 billion by 2032, Says Global Market Insights inc. [Yahoo! Finance]Yahoo! Finance
- Vacuum Skin Packaging Market to surpass USD 11.5 billion by 2032, Says Global Market Insights inc. [Yahoo! Finance]Yahoo! Finance
- Amcor to Accelerate Growth With Berry Global Merger Agreement [Yahoo! Finance]Yahoo! Finance
- Packaging companies Amcor and Berry Global announce $8.4bn merger [Yahoo! Finance]Yahoo! Finance
AMCR
Earnings
- 10/31/24 - Miss
AMCR
Sec Filings
- 11/19/24 - Form 8-K/A
- 11/19/24 - Form 8-K
- 11/8/24 - Form 3
- AMCR's page on the SEC website