AMCR Amcor Plc

$AMCR the position is starting at below 41, held 10000 shares earlier in the year got burned even with dividend. The sale of the NA beverage unit is the catalyst to watch for. It is already being revamped and run separately to improve pretty much the whole co. They are smart to not take a throwaway bid but build it back for a good 1.5 BB sale or profitable jv. A cash sale would completely change this co outlook because they will use all proceeds to reduce debt. Also their oversubscribed bond placement earlier this year turns out to be brilliant with rates and spreads wider by over 110 bps. They locked in great financing and payed down debt. If/when the NA beverage business is disposed of this will be a $ 60 stock. be patient and add on weakness.

$AMCR be careful to add on weakness. It's competing with 0 to little rick bonds now...The go button is the disposal of the NA Beverage unit and that's the buy buy buy button assuming the div stays intact..

$AMCR Bought some leaps back today. Oil will drop going into winter as it does, and this will rise.