$Amcor(AMCR.US) was removed from the Australian ASX50 index, which may bring some passive selling pressure in the short term. In fact, its market cap was already close to the removal threshold at the end of last quarter. Additionally, the recent rotation of funds from consumer staples to chips has also had some impact. Fundamentally, there's still no significant change. For Q2, the focus will be on whether the $50-55 million synergy can be achieved, how much the leverage ratio has been reduced, the progress of non-core business divestitures in North America, and whether the sales decline might unexpectedly widen.
I'll add more if the price is good, until I reach a 10% position.
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