Packaging business ORA delivered an stronger than expected earnings report last month after a huge shift by consumers to “slim and sleek” cans, much preferred by the millennials and Gen Z market who as we know like a canned drink! The company appears to be both delivering earnings while being ahead of the curve towards R&D, in our opinion an excellent defensive play through 2023/4.
- We continue to like this business whose 14.5x Est valuation for 2023 and 5.5% yield over the next 12 months is solid value in our opinion.
MM likes ORA back towards $3.25, or 3% lower
Add To Hit List
