Pactiv Evergreen: Attractive Entry Point For Long-Term Investors
First Commonwealth Financial(FCF) Seeking Alpha·2024-08-15 04:28
Monty Rakusen/DigitalVision via Getty Images Summary Following my coverage of Pactiv Evergreen (NASDAQ:PTVE) in Mar'24, which I recommended a buy rating due to its strong execution in improving its cost structure and the attractive FCF yield, this post is to provide an update on my thoughts on the business and stock. I believe the current share price provides investors with another attractive entry point (>10% FY25 FCF yield). I agree that the near-term outlook is bad, but if we take a step back, the long-t ...