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Posted by
Two Blokes Mon at 7:15 PM -
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Stock
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Sonoco, which makes packaging products for global consumer and industrial companies has underperformed other material stocks and mid-caps this year. However, operational improvements, portfolio rationalization, and the Eviosys acquisition are likely to margin expansion and robust earnings growth, going forward. Sonoco trades at a steep discount on a forward P/E basis, and while the current FCF yield may not be eye-popping and below average, this is only because of seasonaleffects.
