I think she starts a nice uptrend from here. Prior bounces gave her 2-4 bags.
Posted by: z_deville Date: Monday, December 15, 2008 10:28:05 AM
In reply to: None Post # of 20
13m shares outstanding. 10m shares in the float. 11% short. hmmmm.. get some volume and see.
Based in Philadelphia, Pennsylvania, Constar International (NASDAQ: CNST) is one of the largest suppliers of PET (polyethylene terephthalate) plastic containers for conventional applications throughout North America and Europe. Conventional PET containers are primarily designed and manufactured for soft drinks and water. Constar also has an expanding position in the growing custom PET market, designed for food, juices, teas, sport drinks, new age beverages, beer and flavored alcoholic beverages. Our customers include major brand marketers in the beverage and food industries.
Constar is a packaging solutions leader, designing and manufacturing innovative methods for customers to address their production and marketing challenges.
A pioneer of the PET bottle business, Constar began manufacturing plastic bottles in 1963 as Sewell Plastics. We were a major participant in the rapid growth of two liter PET soft drinks bottles in the early 1980s. Constar was also a major participant in the introduction of single serve soft drink bottles for convenience sales in the 1990s, as well as the development of the bottled water market. Constar continues to be an innovator in applying PET technology to new packaging opportunities.
Going forward, Constar’s overall growth strategy is designed to enhance our market leadership and maximize shareholder value. We will continue to be focused on the innovation and commercialization of bottle design, protective barrier technologies, bottle forming and other technologies that provide new, value-added package solutions. At the same time, we expect to further leverage our existing infrastructure and strong client relationships while remaining a high-quality, low-cost operator and maintaining a geographic presence that offers efficiency and convenience to our customers.
Market Cap (intraday)5: 1.68M
Enterprise Value (15-Dec-08)3: 434.02M
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