They got lots of press about their "new" product: inflatable bubble wrap that's hard to pop. Only problem is that Sealed Air has been selling that for nearly a decade. Peribere declares it a new product and it makes national news. For some reason, the press and Wall St. take everything he says at face value.
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This is no high tech company or biotech?
GILD has a 10 PE? AAPL has a 12 PE ?
And this pig has a 20 PE?
Lots of smoke, mirrors here and hot air !!
Earnings surprise is due to lower raw material costs and continued cost cutting.so when raw materials rise next year and they can't cost cut no more ..oh boy look out . Party will be over mid next year..
Food Care net sales of $847 million in the second quarter decreased 12.0% as reported.
Diversey Care net sales of $535 million in the second quarter decreased 8.0%
Product Care net sales of $381 million in the second quarter decreased 6.8% as reported,
Is this a tech company now ? Wait until the air comes out of the bubble wrap. 21 PE's are for growth companies and this is not a growth company "... If Jefferies is saying buy ? You can buy ...lol ....while they sell these over priced shares to you... That is the Wallstreet way ..Only reason stock is pushing higher is because PE resin is low now and that is where the earnings tail wind is coming from because it is sure not from sales growth. So when resin prices go up next year this stock will sink . The Resin guys I know are going cut supply to raise prices and natural gas guys are capping wells so they can push up Nat Gas prices to make their numbers look better and get their stock prices up so when there is less feedstock from Nat Gas next year resin prices will go up next year ... I think by mid 2016 these guys will get hurt ... earnings will sink fast and so will will the stock.. ...lots air in this little piggy ..Good Luck JMHO
Pretty Bear dumping more stock ...he knows there is no real growth they can't do much more head chopping and price increasing to gain margin. One day he will have to show real growth of which there is none...lol..... Oh I know they will buy back stock to prop the stock price... Huh ? Just like IBM ??? that dog is tanking now too cause the jig is up over there and soon the jig will be up here ...tick...tick....tick ...tock
How does anybody not see this for what is? A financial engineering scam..... I must be early to the party on this short...
Sentiment: Strong Sell