not vested
NEW HIGHS FROM A MULTITALENTED METALWORKER
Today's company wins big by excelling in two different but related fields...
We love to see companies with hard-to-match expertise. And if they can apply their expertise to more than one industry, so much the better!
Companies that can successfully diversify their businesses are protected if one segment faces headwinds. And when everything goes right, they reap the benefits...
Just consider Ball (BLL), a $24 billion master metalworker. This 139-year-old company started out making tin cans. Today, aluminum beer and soda cans are still its big moneymakers. But it also has a flourishing aerospace division, which makes everything from sensors to entire satellites...
And it has a $2.1 billion backlog of orders under contract. All told, Ball raked in $2.8 billion in sales for the most recent quarter. And while the company reported flat earnings year-over-year, Wall Street projects double-digit growth ahead.
The market is clearly on board. BLL shares have roughly doubled over the past year... And they just hit new all-time highs. As Ball delivers on its aerospace contracts and keeps cranking out beer cans, this stock should keep climbing...
Source: Daily Wealth