Sep. 17, 2013, 2:12 PM
- Shares of Berry Plastics (BERY -12.5%) tumble after the company slashes its Q4 EBITDA guidance to -10% of Q4 EBITDA from a previously forecast "modest increase" at its investor day.
- The company also stated it will pursue "all avenues" for returning value to shareholders.
- RW Baird believes BERY shares are likely to remain range-bound due to the guidance cut. Baird previously stated that the investor day would be a net positive for the stock.
Jul. 15, 2013, 5:32 PM
Jul. 15, 2013, 4:30 PMBerry Plastics (BERY) -4.5% AH after filing to sell 15M shares in a secondary offering (13% of outstanding shares), on behalf of former P-E owners Apollo Global and Graham Partners. The filing comes after Berry estimated its FQ3 (June quarter) sales totaled $1.22B-$1.23B, below a $1.26B consensus. (PR) | Comment!
Apr. 17, 2013, 10:50 AMRubber-related stocks are having a tough day with Goodyear Tire & Rubber (GT -3.4%), Cooper Tire & Rubber (CTB -2.6%), Berry Plastics Group (BERY -4.4%) and Titan International (TWI -3.6%) all dipping lower. Macroeconomic concerns and news on higher rubber duties could be swaying sentiment. | Comment!
BERY vs. ETF Alternatives
Berry Plastics Group Inc is a provider of plastic consumer packaging and engineered materials. Its products include drink cups, thin-wall containers, bottles, specialty closures, prescription vials and specialty films.
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