In our “Opportunities in Review” webinar series, Amcor was identified as a high conviction buy with an upside target of $14.50.
The stock has rallied $1.00 from the original entry level and we continue to see a re-rating occur, which will see the stock price above $14.00.
Amcor reports half year earnings on the 11th of February. We feel the result may beat the market’s low expectations.
Amcor goes ex-div $0.265 on the 27th of February. Adding a March $14.25 call option generates a further $0.15 per share of income.