Crown Has Been Battered, But Coronavirus Will Likely Have Little To No Impact [Seeking Alpha]
Crown Holdings, Inc. (CCK)
Last crown holdings, inc. earnings: 4/20 04:30 pm
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US:NYSE Investor Relations:
crowncork.com/investors
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Source: Seeking Alpha
Summary Crown has been hit hard from the stock market selloff due to coronavirus fears; however, the company will likely see little to no impact from the economic repercussions. Decreased beverage demand due to bars and restaurants will likely be offset by increased demand from consumers in grocery stores, liquor stores, and gas stations. Emerging markets offer attractive opportunities for growth and demand in its more mature markets is benefiting from a shift in mix. We believe that the sharp drop in stock price offers an opportunity to grab shares of a good company at a great value. Crown Will Likely See Little Impact From Coronavirus Like everything else, Crown Holdings ( CCK Crown is one of the largest producers of aluminum and steel cans used for beverages and food. About 50% of sales come from beverage, which propelled the stock to all-time highs in 2019. According to Tim Donahue, President and CEO from the latest earnings call: In 2019, the North American beverage can industry
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News
- $50 million funding aims to reduce vacant buildings, create more affordable housing in Baltimore Maryland Gov. Wes Moore announced a $50.8 million effort to create more affordable housing and rehabilitate vacant buildings in Baltimore City through the BalAcquire Media Monitor
- Is Crown Holdings (CCK) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Beverage Metal Can Market Set to Reach USD 45.9 Billion by 2034, Driven by Rising Consumer Demand for Portable, Sustainable, and Convenient Packaging Solutions | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- CROWN HOLDINGS, INC. TO RECEIVE PROCEEDS FROM CLOSING OF EVIOSYS SALE TO SONOCO PRODUCTS COMPANYPR Newswire
- Why Crown Holdings (CCK) is the Best Aluminum and Aluminum Mining Stock To Buy? [Yahoo! Finance]Yahoo! Finance
CCK
Earnings
- 10/17/24 - Beat
CCK
Sec Filings
- 12/9/24 - Form 4
- 11/26/24 - Form 8-K
- 11/12/24 - Form SC
- CCK's page on the SEC website