Packaging Corp Wraps Up Strong 2017, Benefiting From Tight Market Conditions
Packaging Corporation of America managed a stronger-than-anticipated year. This was attributable to both favorable containerboard price conditions and declining old corrugated container input costs in the fourth quarter. Over the coming year or two, we expect that conditions will remain more favorable than we had originally anticipated, given industry operating rates hovering around 100%. We have also reduced our assumed tax-rate to match the 21% prescribed by the Tax Cuts & Jobs Act. This h...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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