Intrinsic value of Bemis - BMS

Previous Close

$42.65

  Intrinsic Value

$30.23

stock screener

  Rating & Target

sell

-29%

Previous close

$42.65

 
Intrinsic value

$30.23

 
Up/down potential

-29%

 
Rating

sell

We calculate the intrinsic value of BMS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  4,127
  4,222
  4,330
  4,452
  4,587
  4,735
  4,896
  5,071
  5,259
  5,461
  5,677
  5,907
  6,153
  6,413
  6,690
  6,983
  7,293
  7,622
  7,968
  8,335
  8,721
  9,128
  9,558
  10,010
  10,487
  10,989
  11,517
  12,072
  12,657
  13,272
Variable operating expenses, $m
  3,704
  3,787
  3,882
  3,988
  4,106
  4,235
  4,376
  4,529
  4,693
  4,869
  4,958
  5,159
  5,374
  5,601
  5,843
  6,099
  6,370
  6,657
  6,960
  7,279
  7,617
  7,973
  8,348
  8,743
  9,159
  9,597
  10,059
  10,544
  11,055
  11,592
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  3,704
  3,787
  3,882
  3,988
  4,106
  4,235
  4,376
  4,529
  4,693
  4,869
  4,958
  5,159
  5,374
  5,601
  5,843
  6,099
  6,370
  6,657
  6,960
  7,279
  7,617
  7,973
  8,348
  8,743
  9,159
  9,597
  10,059
  10,544
  11,055
  11,592
Operating income, $m
  423
  435
  449
  464
  481
  500
  520
  542
  566
  592
  719
  748
  779
  812
  847
  884
  923
  965
  1,009
  1,055
  1,104
  1,156
  1,210
  1,267
  1,328
  1,391
  1,458
  1,528
  1,602
  1,680
EBITDA, $m
  766
  784
  804
  827
  852
  879
  909
  942
  977
  1,014
  1,054
  1,097
  1,142
  1,191
  1,242
  1,297
  1,354
  1,415
  1,480
  1,548
  1,619
  1,695
  1,775
  1,859
  1,947
  2,040
  2,139
  2,242
  2,350
  2,465
Interest expense (income), $m
  57
  84
  87
  90
  94
  98
  102
  107
  113
  118
  125
  131
  139
  146
  154
  163
  172
  182
  192
  203
  215
  227
  240
  254
  268
  283
  299
  316
  333
  352
  371
Earnings before tax, $m
  339
  348
  359
  370
  383
  398
  413
  430
  448
  467
  587
  609
  633
  657
  684
  712
  741
  772
  805
  840
  877
  916
  956
  999
  1,045
  1,092
  1,142
  1,195
  1,251
  1,309
Tax expense, $m
  91
  94
  97
  100
  104
  107
  112
  116
  121
  126
  159
  164
  171
  177
  185
  192
  200
  209
  217
  227
  237
  247
  258
  270
  282
  295
  308
  323
  338
  353
Net income, $m
  247
  254
  262
  270
  280
  290
  302
  314
  327
  341
  429
  445
  462
  480
  499
  519
  541
  564
  588
  613
  640
  668
  698
  729
  763
  797
  834
  872
  913
  956

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,772
  3,859
  3,958
  4,070
  4,193
  4,328
  4,476
  4,635
  4,807
  4,992
  5,189
  5,400
  5,624
  5,862
  6,115
  6,383
  6,667
  6,967
  7,284
  7,618
  7,972
  8,344
  8,737
  9,150
  9,586
  10,044
  10,527
  11,035
  11,570
  12,132
Adjusted assets (=assets-cash), $m
  3,772
  3,859
  3,958
  4,070
  4,193
  4,328
  4,476
  4,635
  4,807
  4,992
  5,189
  5,400
  5,624
  5,862
  6,115
  6,383
  6,667
  6,967
  7,284
  7,618
  7,972
  8,344
  8,737
  9,150
  9,586
  10,044
  10,527
  11,035
  11,570
  12,132
Revenue / Adjusted assets
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
  1.094
Average production assets, $m
  2,439
  2,495
  2,559
  2,631
  2,711
  2,799
  2,894
  2,997
  3,108
  3,227
  3,355
  3,491
  3,636
  3,790
  3,954
  4,127
  4,310
  4,504
  4,709
  4,926
  5,154
  5,395
  5,649
  5,916
  6,198
  6,494
  6,806
  7,135
  7,480
  7,844
Working capital, $m
  144
  148
  152
  156
  161
  166
  171
  177
  184
  191
  199
  207
  215
  224
  234
  244
  255
  267
  279
  292
  305
  319
  335
  350
  367
  385
  403
  423
  443
  465
Total debt, $m
  1,611
  1,669
  1,736
  1,811
  1,895
  1,986
  2,086
  2,193
  2,309
  2,434
  2,567
  2,709
  2,861
  3,022
  3,192
  3,373
  3,565
  3,767
  3,981
  4,207
  4,445
  4,697
  4,962
  5,241
  5,535
  5,844
  6,170
  6,513
  6,874
  7,253
Total liabilities, $m
  2,546
  2,605
  2,672
  2,747
  2,830
  2,922
  3,021
  3,129
  3,245
  3,369
  3,503
  3,645
  3,796
  3,957
  4,128
  4,309
  4,500
  4,703
  4,917
  5,142
  5,381
  5,632
  5,897
  6,176
  6,470
  6,780
  7,106
  7,449
  7,809
  8,189
Total equity, $m
  1,226
  1,254
  1,286
  1,323
  1,363
  1,407
  1,455
  1,506
  1,562
  1,622
  1,686
  1,755
  1,828
  1,905
  1,987
  2,075
  2,167
  2,264
  2,367
  2,476
  2,591
  2,712
  2,839
  2,974
  3,115
  3,264
  3,421
  3,586
  3,760
  3,943
Total liabilities and equity, $m
  3,772
  3,859
  3,958
  4,070
  4,193
  4,329
  4,476
  4,635
  4,807
  4,991
  5,189
  5,400
  5,624
  5,862
  6,115
  6,384
  6,667
  6,967
  7,284
  7,618
  7,972
  8,344
  8,736
  9,150
  9,585
  10,044
  10,527
  11,035
  11,569
  12,132
Debt-to-equity ratio
  1.310
  1.330
  1.350
  1.370
  1.390
  1.410
  1.430
  1.460
  1.480
  1.500
  1.520
  1.540
  1.570
  1.590
  1.610
  1.630
  1.650
  1.660
  1.680
  1.700
  1.720
  1.730
  1.750
  1.760
  1.780
  1.790
  1.800
  1.820
  1.830
  1.840
Adjusted equity ratio
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325
  0.325

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  247
  254
  262
  270
  280
  290
  302
  314
  327
  341
  429
  445
  462
  480
  499
  519
  541
  564
  588
  613
  640
  668
  698
  729
  763
  797
  834
  872
  913
  956
Depreciation, amort., depletion, $m
  343
  349
  355
  363
  371
  379
  389
  399
  410
  422
  336
  349
  364
  379
  395
  413
  431
  450
  471
  493
  515
  539
  565
  592
  620
  649
  681
  713
  748
  784
Funds from operations, $m
  591
  603
  617
  633
  650
  670
  690
  713
  737
  763
  764
  794
  825
  859
  895
  932
  972
  1,014
  1,059
  1,106
  1,155
  1,208
  1,263
  1,321
  1,382
  1,447
  1,515
  1,586
  1,661
  1,740
Change in working capital, $m
  3
  3
  4
  4
  5
  5
  6
  6
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  14
  14
  15
  16
  17
  18
  18
  19
  20
  22
Cash from operations, $m
  588
  600
  613
  629
  646
  664
  685
  707
  731
  756
  757
  786
  817
  850
  885
  922
  961
  1,003
  1,047
  1,093
  1,142
  1,194
  1,248
  1,305
  1,366
  1,429
  1,496
  1,566
  1,640
  1,718
Maintenance CAPEX, $m
  -239
  -244
  -250
  -256
  -263
  -271
  -280
  -289
  -300
  -311
  -323
  -336
  -349
  -364
  -379
  -395
  -413
  -431
  -450
  -471
  -493
  -515
  -539
  -565
  -592
  -620
  -649
  -681
  -713
  -748
New CAPEX, $m
  -49
  -56
  -64
  -72
  -80
  -88
  -95
  -103
  -111
  -119
  -128
  -136
  -145
  -154
  -164
  -173
  -183
  -194
  -205
  -216
  -228
  -241
  -254
  -267
  -282
  -297
  -312
  -328
  -346
  -363
Cash from investing activities, $m
  -288
  -300
  -314
  -328
  -343
  -359
  -375
  -392
  -411
  -430
  -451
  -472
  -494
  -518
  -543
  -568
  -596
  -625
  -655
  -687
  -721
  -756
  -793
  -832
  -874
  -917
  -961
  -1,009
  -1,059
  -1,111
Free cash flow, $m
  300
  300
  300
  301
  303
  306
  310
  314
  320
  326
  306
  314
  323
  332
  342
  353
  365
  378
  391
  406
  421
  437
  455
  473
  492
  513
  534
  557
  581
  607
Issuance/(repayment) of debt, $m
  47
  59
  67
  75
  83
  91
  100
  108
  116
  125
  133
  142
  151
  161
  171
  181
  191
  202
  214
  226
  238
  251
  265
  279
  294
  310
  326
  343
  361
  379
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  47
  59
  67
  75
  83
  91
  100
  108
  116
  125
  133
  142
  151
  161
  171
  181
  191
  202
  214
  226
  238
  251
  265
  279
  294
  310
  326
  343
  361
  379
Total cash flow (excl. dividends), $m
  347
  358
  367
  376
  386
  397
  409
  422
  436
  451
  439
  456
  474
  493
  513
  534
  557
  580
  605
  632
  659
  689
  720
  752
  786
  822
  860
  900
  942
  986
Retained Cash Flow (-), $m
  -25
  -28
  -32
  -36
  -40
  -44
  -48
  -52
  -56
  -60
  -64
  -68
  -73
  -77
  -82
  -87
  -92
  -97
  -103
  -109
  -115
  -121
  -128
  -134
  -142
  -149
  -157
  -165
  -174
  -183
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  16
  17
  17
  17
  18
  18
  19
  20
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  32
  33
  35
  37
  38
  40
  42
  44
  46
  48
  51
Cash available for distribution, $m
  322
  330
  334
  340
  346
  353
  361
  370
  380
  391
  375
  388
  401
  416
  431
  447
  464
  483
  502
  523
  545
  568
  592
  618
  645
  673
  703
  735
  769
  804
Discount rate, %
  7.40
  7.77
  8.16
  8.57
  8.99
  9.44
  9.92
  10.41
  10.93
  11.48
  12.05
  12.66
  13.29
  13.95
  14.65
  15.38
  16.15
  16.96
  17.81
  18.70
  19.63
  20.62
  21.65
  22.73
  23.87
  25.06
  26.31
  27.63
  29.01
  30.46
PV of cash for distribution, $m
  300
  284
  264
  245
  225
  206
  186
  168
  149
  132
  107
  93
  79
  67
  55
  45
  36
  29
  22
  17
  13
  9
  7
  5
  3
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Bemis Company, Inc. is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations. This segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for a range of food, medical, pharmaceutical, personal care, electronics, and industrial applications. Its products are sold to customers in the food industry. The Company's other customers include companies in various types of businesses, including chemical, agribusiness, medical, pharmaceutical, personal care, electronics, construction, and other consumer goods.

FINANCIAL RATIOS  of  Bemis (BMS)

Valuation Ratios
P/E Ratio 16.8
Price to Sales 1
Price to Book 3.1
Price to Tangible Book
Price to Cash Flow 9
Price to Free Cash Flow 17.3
Growth Rates
Sales Growth Rate -1.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -5%
Cap. Spend. - 3 Yr. Gr. Rate 8.2%
Financial Strength
Quick Ratio 4
Current Ratio 0
LT Debt to Equity 121.3%
Total Debt to Equity 122.6%
Interest Coverage 7
Management Effectiveness
Return On Assets 7.6%
Ret/ On Assets - 3 Yr. Avg. 7.1%
Return On Total Capital 8.7%
Ret/ On T. Cap. - 3 Yr. Avg. 8%
Return On Equity 19.1%
Return On Equity - 3 Yr. Avg. 16.5%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 21.6%
Gross Margin - 3 Yr. Avg. 20.9%
EBITDA Margin 14.2%
EBITDA Margin - 3 Yr. Avg. 14.1%
Operating Margin 10.2%
Oper. Margin - 3 Yr. Avg. 9.9%
Pre-Tax Margin 8.8%
Pre-Tax Margin - 3 Yr. Avg. 8.7%
Net Profit Margin 5.9%
Net Profit Margin - 3 Yr. Avg. 5.4%
Effective Tax Rate 32.8%
Eff/ Tax Rate - 3 Yr. Avg. 33.5%
Payout Ratio 48.3%

BMS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BMS stock intrinsic value calculation we used $4046 million for the last fiscal year's total revenue generated by Bemis. The default revenue input number comes from 2017 income statement of Bemis. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BMS stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.4%, whose default value for BMS is calculated based on our internal credit rating of Bemis, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Bemis.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BMS stock the variable cost ratio is equal to 89.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BMS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Bemis.

Corporate tax rate of 27% is the nominal tax rate for Bemis. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BMS stock is equal to 0.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BMS are equal to 59.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Bemis operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BMS is equal to 3.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1201 million for Bemis - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 91 million for Bemis is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Bemis at the current share price and the inputted number of shares is $3.9 billion.

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COMPANY NEWS

▶ Plastic Companies Beware, E.U. Contemplates Ban on Plastic   [May-29-18 04:19PM  TheStreet.com]
▶ Bemis Company Declares Regular Quarterly Dividend   [May-03-18 06:00AM  Business Wire]
▶ Bemis: 1Q Earnings Snapshot   [06:25AM  Associated Press]
▶ Top Ranked Income Stocks to Buy for March 8th   [Mar-08-18 07:14AM  Zacks]
▶ February Materials Dividend Stock Picks   [Feb-18-18 01:02PM  Simply Wall St.]
▶ Wired News UFP Technologies Acquires Dielectrics   [Feb-06-18 07:20AM  ACCESSWIRE]
▶ Bemis reports 4Q loss   [06:21AM  Associated Press]
▶ Best Rated NYSE Materials Dividend Stocks   [Jan-07-18 01:02PM  Simply Wall St.]
▶ Is Bemis Company Inc (NYSE:BMS) A Financially Sound Company?   [Dec-26-17 12:35PM  Simply Wall St.]
▶ ETFs with exposure to Bemis Co., Inc. : December 18, 2017   [Dec-18-17 02:51PM  Capital Cube]
▶ ETFs with exposure to Bemis Co., Inc. : December 7, 2017   [Dec-07-17 01:04PM  Capital Cube]
▶ ETFs with exposure to Bemis Co., Inc. : November 10, 2017   [Nov-10-17 11:56AM  Capital Cube]
▶ Bemis Company Declares Regular Quarterly Dividend   [Nov-02-17 04:30PM  Business Wire]
▶ Bemis Company, Inc. to Host Earnings Call   [Oct-26-17 07:55AM  ACCESSWIRE]
▶ Bemis beats Street 3Q forecasts   [06:35AM  Associated Press]
▶ Bemis Company Reports Third Quarter Earnings   [06:00AM  Business Wire]
▶ Wrap It Up, Amcor   [01:54AM  Bloomberg]
▶ ETFs with exposure to Bemis Co., Inc. : August 15, 2017   [Aug-15-17 03:34PM  Capital Cube]
▶ New Strong Sell Stocks for August 3rd   [Aug-03-17 08:13AM  Zacks]
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