Opinions
Jim Cramer - Mad Money
Mativ Holdings Inc.
MATV-N
BUY ON WEAKNESS
Jan 13, 2023
Created last year from a merger and is impressive a speciality materials and packaging company. Yes, it is cyclical and tied to the wider economy. That's why it was hammered last year, especially last November despite 12% organic sales growth. However, they offered a discouraging forecast. Since then, it's bounced over 20%, part of a broader move among materials, because the Fed may stop tightening sooner than expected. Last Wednesday, the CEO insists two-thirds of the business can resist a recession. Could be acquisitions coming. MATV isn't an exciting story, true, but they make money. Trades at only 8x this year's PE and pays a 6.3% dividend, which may be too high for some investors (they doubt the yield will hold). If you expect a hard landing, MATV isn't for you, but if you see a soft landing, MATV is for you. The overall market is a little overbought, so wait for an entry.
$25.250
Stock price when the opinion was issued
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