Owens-Illinois, Inc.

• Who’d Break When Global Glass Container Makers meet?

  By Arturo Cuevas - March 17, 2013 | Tickers: KO, OI, PEP

  Share prices of Owens-Illinois (NYSE: OI) trended generally higher and reached a new 52-week high of $27.28 this March, after the company beat consensus estimates on its 2012 fourth quarter. On January 30, this global glass packaging company reported $0.40 EPS, $0.03 better than the consensus estimate of $0.37. However, judging
  from the recent developments which can shake up not only the U.S. glass packaging more »

• 5 Scintillating Value Plays from Trapeze Asset Management

  By Meena Krishnamsetty - December 17, 2012 | Tickers: AIG, MET, OMX, OI, LUV

  Founded in 1999 by Randall and Herbert Abramson, Trapeze Asset Management is a medium-sized hedge fund based in Toronto, Ontario. Like most of its peers in the hedge fund industry, Trapeze invests in both equities and fixed income assets and regarding the former, it employs quite a bit of contrarianism. Trapeze is currently bullish on Canadian small-cap stocks, but it also invests in large-caps trading in the United States.

  One more »

• Billionaire Tom Steyer and Farallon Capital’s Newest Stock Picks

  By Meena Krishnamsetty - August 20, 2012 | Tickers: CBS, KMI, NWSA, OI

  At the end of 2011, Farallon Capital Management’s AUM stood at over $21 billion. Farallon and its senior managing partner Thomas Steyer run a number of strategies and rotate among them opportunistically. Farallon had some big shakeups for such a large fund in the second quarter of 2012, reporting seven new positions in its top ten holdings. We have gone through the fund’s 13F compared to previous filings more »

• Packaging Profits

  By C. Russell - July 31, 2012 | Tickers: BLL, CCK, OI

  One of the largest shareholders in Owens-Illinois (NYSE: OI) is the well-known fund of value investor Alexander Roepers, Atlantic Investment Management. Roepers is known for his savvy investments in mid-cap industrials and Owens-Illinois is his largest investment. The valuation certainly seems attractive, Owens-Illinois is trading at a trailing multiple of 9x (excluding extraordinary items). However, investors are generally wary of the sector. Owens-Illinois is the largest glass packaging company in more »

• 3 Stocks with Dangerous Exposure to the Eurozone

  By Soroush Pour - June 28, 2012 | Tickers: F, GM, OI, TECD

  It’s hard to believe anyone would envy the rancorous budget debates in Congress last summer, but the leaders of the EU might have that inglorious honor, with budget and debt talks currently threatening the very existence of the hard-earned economic and political union.  Although the sovereign debt crisis across the pond will not topple Barack Obama as it felled Silvio Berlusconi or George Papandreou (at least not until November more »

• Billionaire Tom Steyer's Farallon Capital Likes these Stocks

  By Meena Krishnamsetty - June 4, 2012 | Tickers: GR, HPP, KMI, OI, UTX

  Thomas Steyer is known for generating massive returns at San Francisco-based hedge fund Farallon Capital, in addition to a very non-NYC modest lifestyle -- circa 2008 he still drove a Honda. By being outside of the “NYC feedback loop,” he maintains strict independent thinking that drove his at-the-time-unique absolute returns strategy when he founded the firm. We look at his Farallon Capital’s top Q1 picks below:

  Last week, Kinder Morgan more »

• Three Mergers You Could Bet On

  By Meena Krishnamsetty - February 17, 2012 | Tickers: EP.DL, GR, KMI, OI, UTX

  Tom Steyer is the founder and co-senior managing partner of Farallon Capital Management LLC. The main investors of the fund are college endowments and foundations. Founded in 1986, Farallon is now the 14th largest hedge fund in the world with about $20 billion assets and eight offices worldwide. We like Steyer. He is not only a successful money manager, but also a great philanthropist. In 2010, Steyer and his wife more »

• Insider Trading Stocks You Cannot Ignore in 2012

  By Tom Gibbs - January 12, 2012 | Tickers: ATPAQ.PK, GEOY, OPK, OI

  Identifying a stock that has been subject to a meaningful level of insider buying should not always an instant cue to invest, but it does raise a flag that the company might deserve a closer investigation.

  Several academic studies have been conducted on the relationship between insider buying and future investment returns.  One particularly popular publication, Investment Intelligence from Insider Trading (Seyhun, 2000), presents evidence that, on average, stocks that more »

• Is This Opportunity as Clear as Glass?

  By Tom Gibbs - January 2, 2012 | Tickers: BUD, BLL, CCK, OI, SLGN

  On the surface, century old glass making legend Owens-Illinois (NYSE: OI) appears to be a rather dull find – it operates in a mature industry with seemingly minimal future growth, it produces an unexciting product with underappreciated consumer value, and it has large legacy costs and a huge asbestos liability dating back to an operating segment the company owned nearly 60 years ago. 

  It is this lack of investor attention, due more »