October 23 Earnings: Owen-Illinois - Currency advantage
Updated
Owen-Illinois is going to benefit from the strength of the Euro and the Mexican Peso with its international operations.
Better price-cost margins enhancing system pricing to aid overall sales in the quarter.
Even with the company's higher costs with overall operational expenses, I believe the pros outweigh.
I believe the company will benefit from the aforementioned factors and am starting OI with a $27.00 PT.
A tight stop loss to prevent 52-week high slippage is advised going into earnings.
Better price-cost margins enhancing system pricing to aid overall sales in the quarter.
Even with the company's higher costs with overall operational expenses, I believe the pros outweigh.
I believe the company will benefit from the aforementioned factors and am starting OI with a $27.00 PT.
A tight stop loss to prevent 52-week high slippage is advised going into earnings.
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