Frankie62

Owens-Illinois Continues to Grow

I agree this stock is a sleeper. Since I own it I hope it wakes up. Even though they recently sold their plastics division so they don't need oil for supply stock, I wonder what their source of fuel is - glass melts at a high temperature. Their transportation costs are probably going up and their debt seems a tad high to me. Supposedly 75% of their business comes from overseas. On the whole it sounds like a good investment to me - so why has the price dropped so much? Anyone??

Owens-Illinois Continues to Grow

I'm wondering how much the cost of power will affect OI - for manufacturing and transportation. What is their source of fuel? They are making all glass containers now so they don't need oil for materials, since they sold their plastic devision. And what about their debt - I would prefer it to be lower. Supposedly about 75% of their customers are overseas. Disclosure - I do own OI.