ULTRA.F/DigitalVision via Getty Images Investment Thesis Amcor plc's (NYSE:AMCR) growth over the past 6 years was driven by acquisitions. While there were mixed signals about its track record in improving operating and capital efficiencies, there was a top-line and bottom- line growth. There were also uptrends on the various return metrics. The Group is financially sound with a very low Reinvestment rate. A valuation assuming zero or low Reinvestment rates showed that there is more than a 30% margin of safe ...