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Aluminum is a highly utilitarian metal that has application across multiple Industries. However, prices have fallen throughout 2023, which has caused problems for weaker aluminum stocks.

Tredegar has undergone a business transition, shifting from mainly a plastic company to mainly an aluminum extrusion company. The company has shown improving operating efficiencies and financial soundness, with a low reinvestment rate and good capital allocation. However, the company operates in a cyclical sector and current valuations do not offer enough margin of safety. But the declining market price may present an opportunity at USD 4 per share.

Tredegar is a manufacturer and distributor of polyethylene, polyester, and aluminum. If LCD, LED, and OLED manufacturers show more demand for Tredegar's products, revenue growth will likely trend north.