I wanted to look at some stocks that are more “recession-resistant” in order to build up the defensive side of my portfolio. Berry Global (BERY) came in one of my screens, and I wanted to do some due diligence. I believe the company is a safe business with reasonable growth ahead.
Just a brief background on the company, Berry Global is a plastic manufacturing company that makes a wide assortment of products (100,000+ items manufactured) particularly packaging and materials solutions. The company maintains relationships with virtually all of the major fast-moving consumer goods companies such as Kraft Heinz (NASDAQ:KHC), Nestle (OTCPK:NSRGY), P&G (NYSE:PG), and Clorox (NYSE:CLX) among many others. The company operates on three major segments namely Consumer Packaging, Engineered Materials, and Health, Hygiene, and Specialties. The Consumer Packaging segment which makes up 60% of the company’s revenue manufactures containers for everyday consumer items like jars, tubs,