SON shares were down more than five per cent today on triple the average volume due to a warning on this quarters upcoming earnings from SON itself. Don't look for a rebound in the stock price anytime soon as it takes some time for everyone to decide what to do, as warnings are sometimes not just a one time event.
South: - Anything lower than $25/share is a bargain - provided the Tegrant thing doesn't go south - which isn't likely. There's more consolidation coming in Paper / Tubes and cores with either Newark or Caraustar going away - I'd bet on Newark dying on the vine at this point.
"Sonoco said the shortfall primarily occurred in the last six weeks of the fourth quarter as it experienced unanticipated deterioration in demand in its North American and European Tube and Core/Paper operations."