When I take today's earnings and extrapolate them out at about 12% over the next five years, I come up with a target price of $96 per share five years down the road. PKG is currently trading at only $61.15 per share; in other words, it has significant upside potential. PKG currently just barely meets my value criteria and earns a Gunderson Value Grade of C.
Stock Chart: Last, let's remind ourselves how PKG's stock chart looks. PKG hit a new all-time high last week.
Courtesy of StockCharts.comI realize I can't calculate spreadsheets on my computer box as I can on my computer, but the box it came in has been a much better investment than the computer that came inside it. Go figure -- sometimes I don't try to figure, I just look at the numbers. I take the emotion out of it because logic would say the contents of this box are worth a lot more than the box itself. I mean after all, the box ends up in the garbage while the computer is help me to run my bustling business. So there you have it -- "Best Stocks Now!" come in all shapes, sizes and even packages. Sometimes they may not seem logical, sometimes they just don't make sense. But they are all over the place and that's why you need the Best Stocks Now! App and newsletter so I can help you find them. Data from Best Stocks Now App Follow @billgunderson This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts