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Ball Corporation Message Board

  • ryan_hill10 ryan_hill10 Jun 11, 2013 10:08 PM Flag

    Downgraded to Strong Sell?

    So this company has free cash flow in excess of $800M per year, on only 150M shares, with a share count that has been declining by 5% annually thanks to the buyback, minimal capital investment needs based on the maturity of the business, a downright CHEAP input price tied to an aluminum glut (remember they are not a miner, but a fabricator), and a low beta based on the relative safety of the underlying operations, with just enough leverage to juice returns.
    What am I missing here? I make this as a roughly $55 - $60 stock, which is very undervalued at lower than $44. I know this is no growth stock, but I do think 9% is reasonable even in this environment. Am I wrong?

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