Stocks Down Under 13 August 2020: Amcor, Lifestyle Communities, Base Resources
Amcor: Proving that those who innovate thrive
Amcor is a dual-listed global packaging design and manufacturing company. What started as a single paper mill in Melbourne in the 1870s has morphed into a packaging giant, demerging their paper business in 2000. In the last ten years Amcor began to transform, the pinnacle being their merger with packaging leader Bemis in an all-stock transaction and changing its primary listing to the NYSE. Amcor has seen consistently strong EBIT growth, due in part to their continued innovation. However, even the greats can get ahead of themselves on price.
Also in today's edition, Lifestyle Communities (ASX: LIC) and Base Resources (ASX: BSE).
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