Topic: How To Invest

Q: Pat, what do you think of Ball Corp. as a buy? Thank you.

Article Excerpt

A: Ball Corp., $57.92, symbol BALL on New York (Shares outstanding: 315.3 million; Market cap: $18.1 billion; www.ball.com), makes metal packaging for the beverage, food and consumer-products industries. The company sells its products mainly to large multinational beverage, personal-care and household-products firms. Ball also has an aerospace business (which it is selling, see below) that designs and manufactures a variety of products for both government and commercial clients. Headquartered in Broomfield, Colorado, Ball has manufacturing facilities worldwide. It employs 21,000 people. The company has a long history of producing food containers in a variety of styles and materials. Over the years, it has reduced its glass and plastic operations to focus 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. On August 17, 2023, the company announced that it has agreed to sell its aerospace business to BAE…