Sealed Air Corporation: Still Breathing For Air
Sealed Air(SEE) Seeking Alpha·2024-08-13 04:07
Detry26/iStock via Getty Images A year ago, I believed that shares of Sealed Air Corporation (NYSE:SEE) no longer offered a sealed deal. Following a dramatic cut in the full-year guidance, with leverage ratios shooting up as a result of lower profitability, I was cautious on the shares despite the sell-off seen at the time. Forwarding a year in time, shares have on a net basis lost even more value. 2023 turned out to be soft, with continued weakness seen in the 2024 results, with weakness likely continuing ...