Topic: How To Invest

Q: Dear Pat: Can I have your recommendation on Ball Corporation (NYSE BLL)? Thanks!

Article Excerpt

A: Ball Corporation, $95.75, symbol BLL on New York (Shares outstanding: 326.6 million; Market cap: $31.2 billion; www.ball.com), makes metal packaging for the beverage, food and consumer-products industries. The company also has an aerospace business that designs and manufactures a variety of products for both government and commercial clients. Ball is headquartered in Broomfield, Colorado, but has manufacturing facilities around the world. It employs over 18,300 people. In 2019, the company’s packaging and container operations were responsible for 87% of its total revenue, with its aerospace business contributing the remaining 13%. Ball has a long history of producing food containers in a variety of styles and materials. Over the years the company has reduced its glass and plastic operations to focus solely on being the world’s largest manufacturer of aluminum cans and aerosol containers. Ball sells its products mainly to large multinational beverage, personal-care and household-products companies. They include The Coca-Cola Company, Anheuser-Busch InBev, Molson Coors and Unilever. In June 2016, the company acquired…