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September 32, 2005

SpeculatingStocks.com Stock Pick: Constar International, Inc. (CNST)

Stock Price: $1.95


Constar is a leading global producer of plastic containers for food, soft drinks and water. The company supplies plastic products for brands, such as Pepsi, Coca-Cola, Dr. Pepper, 7Up, Motts, Shasta, Peter Pan, Aquafina, Wishbone, Smucker's, Veryfine, Snapple and Smirnoff Ice.

Annual sales for 2004 were $844 million with a net loss of $6.82 million. Second quarter sales for 2005 were $265.4 million with a net loss of $7.7, or $0.63 per share. Though, the company continues to lose money each quarter, it is not out of control and Constar does have a revolving credit of $70 million.

It would not surprise us if CNST eventually made it back to its 52-week high of $7.76.

 
     
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