SIG, number two in the aseptic carton packaging industry behind Tetra Pak, has lost much credibility in recent years due to questionable acquisitions, unfortunate communication and missed expectations. The share price is pretty much at the bottom of its trading range since the IPO in 2018. The new chairman has triggered the dismissal of CEO Samuel Sigrist and a strategy review. We view this shift as a first step on the road to regaining credibility with investors. Also, given its attractive risk...
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