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Sealed Air Corporation (SEE) provides food safety and security, facility hygiene, and product protection solutions worldwide.
Its Food Packaging segment provides shrink bags and vacuum packaging products; packaging materials for cook-in applications; laminated and coextruded rollstock packaging materials used in thermoforming and form, fill, and seal applications; and associated packaging equipment and systems, including bag loaders, dispensers, and vacuum chamber systems.
The companys Food Solutions segment offers case-ready packaging offerings; ready meals packaging technologies; vertical pouch packaging solutions for packaging flowable food products; foam and plastic trays; absorbent products for food packaging; and related packaging equipment, including vacuum chamber systems. Its Protective Packaging segment provides air cellular packaging materials; polyolefin performance shrink films for product display; shrink packaging equipment systems; polyurethane foam packaging systems that provide protective packaging; lightweight and tear-resistant mailers and bags; inflatable packaging systems; paper cushioning systems that include recycled paper and automated dispensing equipment; paper packaging products; and suspension and retention packaging products.
Shares have formed a bullish "flag" and higher prices are expected for this stock.
52-Week Trading Range: $11.51 - $23.27
Entry Point: $22.60
Stop Loss: $21.45
Target Price: $24.86
We are closing the SEE position at $25.00, for a solid return. Proceeds are invested in TRIP.
