why graphic packaging holding (gpk) stock is up today
NEW YORK (TheStreet)-- Graphic Packaging Holdings Limited(GPK -Get Report)are up 1. 49% to $11. 27 on Tuesday, after the company decided to sell its bags and Kraft paper business to Mondi Group in cash of $0. 105 billion. Mondi is a South African paper and packaging company looking to expand its business in the United StatesS. Reuters reported. The company said the deal is expected to be completed in early 2014 of the third quarter. Buffett\'s 25 favorite stock rating teams rated Graphic Packaging Holdings as a buy with a rating. The street rating team has such a statement about their proposal: \"We are holding the company for Graphic Packaging (GPK)a BUY. This is based on the convergence of positive investment measures, which will help this stock exceed most of the stocks we have assessed. The advantages of the company are reflected in many aspects, such as stable stock price performance, earnings per share growth, net profit growth, reasonable valuation level and good operating cash flow. We believe that these advantages outweigh the fact that, through most of the measures we assess, the debt management risks of companies are generally high.