7 Best Stocks for the Next 30 Days

Get them in a free Special Report, and get more Zacks Insights in our free e-newsletter, Profit from the Pros. Every issue includes a fresh Zacks #1 Bull Stock of the Day.

Privacy Policy
Close This Panel X
  • Latest News
  • Most Popular
View All | Scroll Down Scroll Up

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/17/2013

Company Name Symbol %Change
VIASAT INC VSAT
19.35%
OLD SECOND B OSBC
5.76%
GAMCO INVEST GBL
4.61%
CORNING INC GLW
4.47%
SYNCHRONOSS SNCR
4.23%

Zacks Rank #1 Strong Buys

Analyst Blog

Print
Share

Ball Corp. Inks Deals with Envases

by Zacks Equity Research

October 02, 2012 | Comments : 0 Recommended this article: (0)
BLL

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Ball Corporation ( BLL - Analyst Report ) has inked a deal to purchase leading extruded aluminum aerosol packaging producer, Envases del Plata S.A. de C.V., with a manufacturing facility in San Luis Potosi, Mexico. The financial terms of the deal were not disclosed. The transaction is expected to close by the end of October this year.

The plant at San Luis Potasi manufactures extruded aluminum aerosol cans which are used both for personal care and household products by the customers in America. After the completion of the acquisition, the plant will be included in the Food & Household Products Packaging Division, Americas.
The plant will complement Ball Corp.’s existing aluminum aerosol business in Europe, Ball Aerocan, and the North American extruded aluminum aerosol slug business which the company acquired in 2010.
Furthermore, Ball Corp. and Envases del Plata group have decided to form a joint venture in Argentina. Under the deal, Ball Corp. will own 25% of the joint venture while Envases will own the remaining 75%.
The joint venture, which will be known as Envases-Ball, would comprise the steel aerosol can plants of Ball Corp. at Buenos Aires and San Luis in Argentina. On the other hand, the extruded aluminum packaging plants of Envases, located at Buenos Aires and San Luis in Argentina as well as Manaus, Brazil, will be included in the joint venture.
The deals fit in well with Ball Corp.’s Drive for 10 strategy that aims at expanding its geographical footprint as well as product portfolio. The company will get the opportunity to improve its technologies in the manufacturing of extruded aluminum packaging and cater to a wide client base in North America as well as in Argentina and Brazil.
The company’s decision to expand its product portfolio in extruded aluminum packaging is expected to boost its revenues moving ahead. It will help Ball Corp. gain market share in the rigid packaging industry where it faces tough competition from national as well as local companies.
Ball Corp. retains a short-term Zacks #2 Rank (Buy). We have a long-term Neutral recommendation on the stock.

Read the full reports :

Email Print Share Rate Pos Rate Neg

Disclosure / Disclaimer Link
Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.
Quick Links

Services

My Account

Resources

Client Support

Follow Us

Facebook

Twitter

Linkedin

RSS

You Tube

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.

Copyright 2013 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.

Visit performance for information about the performance numbers displayed above.

NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.