Investopedia: Has Greif Reset Expectations?

Although industrial packaging company Greif (NYSE:GEF) has compelling share in categories like steel and plastic drums, as well as multiwall bags, and a solid long-term plan for boosting margins, this year has ended on a sour note. With sales in Europe down significantly, Greif is going to have to reestablish its credibility with the Street. Should it do so, though, there could be worthwhile rewards here for patient investors.

A Sour End to the Year  
Arguably the best that can be said about Greif's fiscal fourth quarter is that it didn't surprise anyone, as the company had warned the Street back in late November. Revenue rose 14% as reported, but organic growth was basically nonexistent, as declines in comparable volume erased some price increases. Although reported revenue growth in the industrial packaging business came in at 15%, the real result was basically zero, while there was real revenue growth in the much smaller flexible packaging business.

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