|Bid||9.05 x 800|
|Ask||9.06 x 1100|
|Day's Range||8.56 - 9.14|
|52 Week Range||4.31 - 17.86|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||0.20 (2.81%)|
|Ex-Dividend Date||Feb 27, 2020|
|1y Target Est||10.23|
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
PERRYSBURG, Ohio, June 25, 2020 -- O-I Glass, Inc. (NYSE: OI) has scheduled its second quarter 2020 conference call and webcast for Wednesday, Aug. 5, 2020, at 8 a.m. EDT. The.
O-I Glass, Inc. (OI) today provided a business update in advance of the company’s attendance at the Deutsche Bank 2020 Global Industrials and Materials Summit on June 9, 2020. Cash flows remain consistent with the prior year and liquidity remains strong: O-I’s cash flows quarter-to-date through May were comparable to the same period in 2019 despite the challenges of the pandemic reflecting lower capital expenditures and the suspension of asbestos-related claims payments.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
O-I Glass, Inc. (OI) today announced that the Company will participate in the Deutsche Bank 2020 Global Industrials and Materials Summit on Tuesday, June 9, 2020. O-I Chief Executive Officer Andres Lopez and Chief Financial Officer John Haudrich will present at 3:00 p.m. ET. Slides from the business update presentation will be posted on the Company’s website, http://www.o-i.com/investors/, after the market closes on June 8.
Moody's Investors Service, ("Moody's") has changed Tata Chemicals North America, Inc.'s (TCNA) outlook to negative from stable. At the same time, Moody's has affirmed TCNA's Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default rating and the Ba3 ratings on the company's new credit facilities. The negative outlook reflects TCNA's earnings deterioration amid the global pandemic and increased debt leverage once it completes the intended debt issuance to acquire the remaining 25% equity stake in Tata Chemicals (Soda Ash) Partners (TCSAP) and to refinance its existing term loan.
Bernzott Capital Advisors recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -32.76% (net) for the quarter, outperforming its benchmark, the Russell 2000 Value Index which returned -35.66% in the same quarter. You should check out Bernzott Capital Advisors top 5 stock picks […]
O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OB Glass”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $500 million aggregate principal amount of senior notes due 2027 in a private offering to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OB Glass’s obligations under the senior notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement.
The same is true for the O-I team of 27,000 employees who are hard at work every day to help make sure we all have the food and beverage products essential during these challenging times. The health and safety of our employees is our top priority.
O-I Glass, Inc. (OI) today reported financial results for the first quarter ended March 31, 2020. Adjusted Earnings Were Consistent with Guidance: Excluding certain items management considers not representative of ongoing operations, first quarter 2020 adjusted earnings1 were $0.41 per share, compared with the prior year of $0.51 per share.
Silver Ring Value Partners LP is a Boston-based investment management firm that specializes in delivering long-term value by utilizing an intrinsic and robust approach to investing. The company was founded in 2016 by Chief Investment Officer and Managing Partner Gary Mishuris. Recently, Silver Ring Value Partners released its Q1 2020 Investor Letter – a copy […]
O-I Glass, Inc. (OI) is using its 3D printing capabilities to make face shield frames, a piece of personal protective equipment (PPE), for members of the Northwest Ohio medical community who are on the front lines of the COVID-19 health crisis. The worldwide glass packaging manufacturer typically devotes its 3D printer at the Perrysburg, Ohio, headquarters to creating glass packaging prototypes for the food and beverage industry. O-I is making frames to hold the shield.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
O-I Glass, Inc. (OI) today provided a business update in light of the rapid developments related to COVID-19. Importantly, glass packaging has been considered an essential element of the food and beverage value chain in most jurisdictions and end-use categories that O-I serves. While our business will be temporarily impacted by COVID-19, I am encouraged by our progress on various initiatives to improve operating performance and I am confident we will emerge stronger as current market headwinds abate.
PERRYSBURG, Ohio, April 01, 2020 -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) has scheduled its first quarter 2020 conference call and webcast for Wednesday, Apr..
O-I Glass, Inc. (OI) today announced a change in the location and time of its 2020 Annual Meeting of Share Owners (the “Annual Meeting”) due to the public health risks related to the coronavirus disease 2019 (COVID-19). As described in the proxy materials previously distributed in connection with the Annual Meeting, share owners as of March 16, 2020, the record date, are entitled to vote at the Annual Meeting. At O-I Glass, Inc. (OI), we love glass and we’re proud to make more of it than any other glass bottle or jar producer in the world.
The company has been working with customers and suppliers alike to develop preparedness plans in response to this rapidly evolving situation. Following refinancing activity last year and given proceeds from recent divestitures, the company’s liquidity position is strong with cash and available lines of credit of approximately $2 billion at December 31, 2019 and no near-term bond maturities. Paddock has opposed a request by the U.S. Trustee to examine its Corporate Modernization transaction, which is a strategy that has been widely and successfully used by other companies and which we believe enhances Paddock’s ability to resolve its liabilities fairly and in way that maximizes value for all stakeholders.
Moody's Investors Service (Moody's) assigned a Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR), and SGL-2 Speculative Grade Liquidity Rating (SGL) to Owens-Illinois Group, Inc. (OI Group). The outlook is negative.
It's been a pretty great week for O-I Glass, Inc. (NYSE:OI) shareholders, with its shares surging 13% to US$14.23 in...