OI Glass Inc (OI) Quote

OI

Plants shutting down due to cv

News: $OI O-I Announces Receipt of Requisite Consents and Expiration of Consent Solicitations Related to Corporate Modernization

PERRYSBURG, Ohio, Dec. 12, 2019 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Owens-Illinois, Inc. (“O-I” or the “Company”) today announced that, according to information provided by D.F. King, as information and tabulation agent, each of Owens-Brockway Glass Co...

In case you are interested OI - O-I Announces Receipt of Requisite Consents and Expiration of Consent Solicitations Related to Corporate Modernization

News: $OI O-I Announces Commencement of Consent Solicitations and Process to Amend Bank Credit Agreement Related to Corporate Modernization

PERRYSBURG, Ohio , Dec. 04, 2019 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Owens-Illinois, Inc. (“O-I” or the “Company”) today announced that the Board of Directors of the Company has authorized the commencement of consent solicitations to amend and wai...

Find out more OI - O-I Announces Commencement of Consent Solicitations and Process to Amend Bank Credit Agreement Related to Corporate Modernization

yeah but company incurring lot of debt. Winston salem plant in nc lost one of their furnaces this wk so postponed the rebuild at my plant. These plants are getting old. Very costly to rebuild or maintain. Tempted to buy at these levels but not now.

This stock is getting beaten up badly. Does anyone know why?

Small correction, forecast is hard to call because of the current state of the global economy but I would put a hold on OI and wait, you may be able to accumulate here. I do not believe that this security is overpriced whatsoever, glass IS the future.

My last call was below $20/share, now she's ready to push through $30.

Supports building again, looks like a head and shoulders pattern behind us.

Weekly Chart - 1 Year - 23 Days

IMO a good time to buy some shares while this is on the dip. I'd buy in a block of 25/25/15/15/20 with your principal/initial investment

Up ~.22 today - loven it!

Wow. Another down day.

Great company and I love glass. A truly green product with MANY applications. So yeah, I follow these guys ;)

np jr. I am trying to make the rounds once.. It is painstaking and time consuming. Ya love this symbol eh?

Thanks Mac, good stuff :)

<<< $OI Links! >>> ~ MAC's Quick DD Links without the charts.




PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/OI


OTC Markets Company Info ~ http://www.otcmarkets.com/stock/OI/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/OI/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/OI/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/OI/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/OI/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/OI/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/OI/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/OI/research


Google Finance Summary ~ http://www.google.com/finance?q=OI
Google Finance News ~ http://www.google.com/finance/company_news?q=OI
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=OI
Google Finance Financials ~ http://www.google.com/finance?q=OI&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=OI
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=OI&histperiod=weekly#


Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=OI+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=OI+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=OI+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=OI
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=OI+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=OI+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/OI
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/OI
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=OI+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=OI+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=OI+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=OI+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=OI+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=OI+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=OI+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=OI+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=OI+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=OI+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=OI+Cash+Flow&annual


FINVIZ ~ http://finviz.com/quote.ashx?t=OI&ty=c&ta=0&p=d


Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=OI
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=OI
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CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=OI&exchange=US


Barchart Quote ~ http://barchart.com/quotes/stocks/OI?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/OI
Barchart Options Quotes ~ http://barchart.com/options/stocks/OI
Barchart Technical Chart ~ http://barchart.com/charts/stocks/OI&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/OI&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/OI
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=OI
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/OI
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/OI
Barchart News Headlines ~ http://barchart.com/news/stocks/OI
Barchart Profile ~ http://barchart.com/profile//OI
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=OI&view=key_statistics


OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=OI&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=OI&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=OI&MarketTicker=NYSE&Typ=S


Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/OI/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/OI/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/OI/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/OI/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/OI
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/OI/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/OI/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/OI/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/OI/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/OI/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/OI/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=OI&sid=1795093&framed=False


The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=OI


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StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=OI
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=OI


AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=OI&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8


Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=OI.PK&WTmodLOC=C4-Officers-5


StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=OI®ion=U


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NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=OI&selected=OI
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/OI/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/OI/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/OI/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/OI/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/OI/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/OI/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/OI/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/OI/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/OI/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/OI/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/OI/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/OI/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/OI/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/OI/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=OI&selected=OI
NASDAQ Financials ~ http://www.nasdaq.com/symbol/OI/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/OI/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/OI/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/OI/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/OI/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/OI/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/OI/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/OI/insider-trades/sells


The Motley Fool ~ http://caps.fool.com/Ticker/OI.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/OI/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/OI/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/OI/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/OI/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/OI/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/OI/Statements.aspx?source=icasittab0000009


MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=OI


YCharts ~ http://ycharts.com/companies/OI
YCharts Performance ~ http://ycharts.com/companies/OI/performance
YCharts Dashboard ~ http://ycharts.com/companies/OI/dashboard


InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=OI&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=OI&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=OI&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=OI


Zacks Quote ~ http://www.zacks.com/stock/quote/OI
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=OI
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=OI


Knobias ~ http://knobias.10kwizard.com/files.php?sym=OI


StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=OI


Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/OI/HOT_TOPIC.html


Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=OI&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=OI®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=OI®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=OI®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=OI®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=OI®ion=USA&culture=en-us


CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=OI


TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=OI


OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=OI&searcharea=e&image1.x=0&image1.y=0


Insidercow ~ http://www.insidercow.com/history/company.jsp?company=OI&B1=Search%21


Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=OI
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=OI&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null


YouTube Symbol Search ~ http://www.youtube.com/results?search_query=OI


Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=OI


Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=OI


Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=OI

Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=OI
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=OI

Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=OI

Investorpoint ~ http://www.investorpoint.com/ enter "OI" and click search.

Hotstocked ~ http://www.hotstocked.com/ enter "OI" and click search.

Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=OI

Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=OI

DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=OI

SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=OI

OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=OI

Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "OI" and click search.

http://www.coordinatedlegal.com/SecretaryOfState.html

http://regsho.finra.org/regsho-Index.html

http://www.shortsqueeze.com/?symbol=OI&submit=Short+Quote%99



DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=OI
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=OI
Check those searches for recent OI mentions. If OI is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS



MACDlinks

~ Wednesday! $OI ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $OI ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=OI&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=OI&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=OI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=OI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=OI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=OI
Finviz: http://finviz.com/quote.ashx?t=OI
~ BusyStock: http://busystock.com/i.php?s=OI&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=OI >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

IMO, it looks like a good time to buy some cheapies.

Resistance @ $25.92

More churning, once Q results land, this'll retrace and imo a fair target price would be ~$32.

Nice churning, this is exactly what is needed to build a new support level. Since the 50mda will test that 100mda and once that has been accomplished, we can target that lovely 200mda.

IMO Glass has a very bright future.

Looks like I was wrong and .11s were added to the SP. I assume Q's and other information will continue to boost the companies SP. IMO, we could test the 200MDA on the weekly in the 28.75, range. If we do, I wouldn't be surprised if the price tests the $32.00ish range. That's my longer term view on OI, atm.

A correction is in order, imo. We have had a strong run for a while now, it looks like a little of the momentum is burning off.

Man this stock has been performing like a beast! If she breaks below the 24.46 mark, we may see a reversal, but it looks to me that the last few trading sessions has been thinning out the sellers and a stronger move upward again could easily come to fruition.

Looking excellent!

Good, we need to churn for a few days, we may have a relatively mild week with a few spikes here and there.

Keep your scanners running...

Daily Chart Updates

2M 12D Daily.

A day of consolidation, this is healthy if the move upward is to continue. This could trend to ~$22.60 range... if it goes any lower, I would consider this a reversal in the rally.

What a great week! Strong finish to the bullish side too, imo.

Indicators have reset in due part, because of the sell off near the end of the day. All of this is fairly healthy imo considering the amazing run up thus far.

Enjoy!

I feel another big move is in order for tomorrow as well. It'll be a green close for the week. Had a strong surge of buying at the start of the day, price action was explosive. The stock quickly retraced midway through the day and a period of consolidation took place and the stock still closed green for the day. Candle sticks are still saying, we're going northbound.

(FORM 8Ks in side) - I think the future for OI is looking VERY bright.

Glass containers are GREEN and one of the best ways to store a product. Glass has amazing durability and can be shaped to the needs of the end user. In the end, it is obvious that glass is far more of a viable option then any other options for storing a product.

The company is seeking ways to recycle their own in house wastes to further optimize their business models carbon footprint. OI has continually increased the recycling of cullets to manufacture their products, further reducing their carbon footprint.

There are two fairly important filings that have emerged in the last two days.. The some of the important information within the pdfs are quoted below.

Source: http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8352724
Source: http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8355252


Highlights

· Reported net earnings: O-I reported a full year 2011 loss from continuing operations attributable to the Company of $3.12 per share, compared to earnings of $1.55 per share (diluted) in 2010. Despite higher sales and production volumes in 2011, the Company’s full year 2011 reported earnings were significantly lower due to the impact of several charges that management does not consider representative of ongoing operations. These charges were discussed in earlier quarters and include the Company’s goodwill impairment, asbestos-related costs, and restructuring and asset impairment.

· Adjusted net earnings: Excluding the items not representative of ongoing operations, adjusted net earnings (non-GAAP) were $2.37 per share for full year 2011, compared to $2.60 per share for full year 2010. Fourth quarter 2011 adjusted net earnings were $0.48 per share, compared to $0.45 in the fourth quarter of 2010.

· Higher sales and volume in 2011: Prior year acquisitions and organic growth across most regions drove net revenue higher in full year 2011 as tonnes shipped increased by more than 5 percent. Sales also benefited from favorable pricing and foreign currency translation.

· Free cash flow and leverage ratio: O-I generated $220 million of free cash flow (non-GAAP) from continuing operations for full year 2011. At year end 2011, O-I’s leverage ratio was 2.9 times EBITDA.

· 2012 business outlook: O-I has negotiated higher prices on a significant portion of its annually contracted business. To mitigate the impact of unrecovered 2011 inflation and anticipated inflation in 2012, the Company expects higher global pricing. The Company’s shipments in 2012 should be in line with 2011 levels.


ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On January 25, 2012, Owens-Illinois, Inc. (the “Company”) announced the pending retirement of the Company’s Senior Vice President and Chief Financial Officer, Edward C. White. Mr. White plans to retire at the end of the second quarter. Mr. White will be succeeded by Stephen P. Bramlage, Jr., age 41, currently President of the Company’s Asia Pacific operations, effective July 1, 2012.

Mr. Bramlage has been President of the Company’s Oceania operations and President of the Company’s Asia Pacific operations since 2011.

From 2010 to 2011, Mr. Bramlage was General Manager of the Company’s New Zealand operations; from 2008 to 2010, Mr. Bramlage was Vice President of Finance of the Company; in 2008, Mr. Bramlage served as Vice President and Chief Financial Officer of the Company’s European operations; and from 2006 to 2008, Mr. Bramlage was Vice President and Treasurer of the Company.

Before joining the Company, Mr. Bramlage spent five years at PPG Industries, Inc., in Pittsburgh, Pennsylvania. Mr. Bramlage also worked with Eli Lilly & Company in corporate finance and with Ernst & Young LLP as an auditor.

Up a buck today!

Looking good... broke through major resistance and looks to have found a support. IMO this'll continue to trend higher.

Additional History:

In 1835, Edward Levis settled in Alton, Illinois, where he married and raised a large family that included seven sons: Edward, George M., John M., Charles, Robert H., Nelson, and Frank. A cabinet maker by trade, Levis became involved in the glass industry in 1873 when he, along with partner William Eliot Smith, purchased the Illinois Glass Company a business that had failed three times before. Levis was willing to invest in the venture on the condition that all of his seven sons receive jobs in the factory. Smith acted as president and sole sales agent, while Levis acted as vice president and production manager.

The company was so successful that within three years the partners needed room to expand. They considered moving across the Mississippi to St. Louis, where it would be easier to acquire raw materials and ship their finished products.

But the city of Alton realized the thriving company was an asset to its own economy, and offered it a site near the river and a railroad right-of-way. Smith and Levis accepted and the business moved to its new home in 1875. In the next thirty years the company's sales grew 36 times over, and the number of employees grew from 60 to 3200.

Edward Levis died in 1903.

When William Eliot Smith died in 1909, control of the business passed to the five remaining Levis sons. Up to this time bottles were still being hand blown using centuries-old labor-intensive methods. But in 1910 the Levis brothers licensed one of Owens's automatic bottle machines and installed it in their Alton plant. Others soon followed, and by 1915 all bottles produced at the Alton plant were made by the Owens machine.

Sales increased dramatically as a result of the mechanized process, and the company continued to grow. By 1928 it had additional plants in Bridgeton, New Jersey; Gas City, Indiana; and Chicago Heights, Illinois; as well as subsidiaries including Tavern Rock Sand Company, Carlyle Paper Company, and Madison Warehouse Company. The Alton plant was the largest individual bottle manufacturing factory in the world.

By the mid-1920s the Owens Bottle Company began looking at Illinois Glass as a potential acquisition. The patents on Owens's machines were nearing expiration, and the company stood to lose substantial revenue from its licensing program.

Illinois Glass was an Owens licensee; had an aggressive and successful sales team; and had modern, well-located facilities; all reasons that made it attractive to the Owens company.
After long negotiations, the two companies merged in 1929, representing the largest merger in the history of the glass industry to date. The Owens-Illinois Glass Company was born, and its headquarters established in Toledo.

In the company's 1929 annual report, officials stated that "the management of the company is exerting itself to the utmost to reflect the advantages of the company's improved position in the higher quality of its products, better service to its customers, and a greater return to its shareholders." The report also notes that significant reductions in the administrative and sales staff were necessary as a result of the merger.

William Boshart was selected president of the new company, and William E. Levis, grandson of the founder of Illinois Glass, was appointed executive vice president and general manager. This was short lived, however, as the Levis family quickly took control. By 1930, Levis was named president, and his cousin, J. Preston Levis, took over management of the Alton plant.

Harold Boeschenstein, who would play an important role in the development of a new industry exploiting glass fibers, was vice president for sales. During William Levis's first decade of leadership of the new company he oversaw an expansion unprecedented in the history of the glass industry.

Source: http://www.utoledo.edu/library/canaday/exhibits/oi/OIExhibit/OwensIllinois.htm

Brief History:


Owens-Illinois Inc. (NYSE: OI) is a Fortune 500 company that specializes in container glass products. It is one of the world's leading manufacturers of packaging products, holding the position of largest manufacturer of glass containers in North America, South America, Asia-Pacific and Europe (after acquiring BSN Glasspack in 2004). Approximately one of every two glass containers made worldwide is made by O-I, its affiliates, or its licensees.

Source: http://en.wikipedia.org/wiki/Owens-Illinois

Additional Information:


While legally known as Owens-Illinois Inc., the company changed its trade name to O-I in 2005 to group its global operations under a single, cross-language and cross-culture brand name.

Until July 2007, the company was also a worldwide manufacturer of plastics packaging with operations in North America, South America, Asia-Pacific and Europe. Plastics packaging products manufactured by O-I included containers, closures, and prescription containers. In July 2007 O-I completed the sale of its entire plastics packaging business to Rexam PLC, a UK listed packaging manufacturer.

O-I was a part of the Dow Jones Industrial Average from June 1, 1959 until March 12, 1987. The company was added to the Standard & Poor's 500 Index in January 2009. O-I was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by Kohlberg Kravis Roberts), added in 1991 and removed again in 2000.

The company's headquarters were previously located in One SeaGate, Toledo, Ohio, a local landmark. The headquarters were moved in late 2006 to the Levis Commons complex in Perrysburg, Ohio. The company is the successor to the Owens Bottle Machine Co founded in 1903 by Michael Joseph Owens and Edward Drummond Libbey.

In October 2010 Owens-illinois Venezuela C.A: was expropriated by President Hugo Chávez.

Source: http://en.wikipedia.org/wiki/Owens-Illinois

Here is their Mainpage and their Investor Relations as well..

Homepage: http://o-i.com/
Investor Relations: http://o-i.com/investor_relations_main.aspx

I'll pick this board up. I am interested in following the stock here.

I will post a few charts and history about the company as well.

I know the board is dead additionally, but this is for any passer by and mostly, for my own personal entertainment.

This company kicks ASS!!

I love Owens-Illinois.