Sohn San Francisco: This Manager Sees Potential for 150 Percent Upside in this Cardboard Box Manufacturer

When considering potential investments, some companies might seem more interesting than others. However, one under-the-radar e-commerce play could offer significant upside in the long term — if the problems can be fixed. Ravi Paidipaty of Freestone Grove Partners believes they will be.

At the recent Sohn San Francisco conference, Paidipaty presented his thesis for International Paper.

International Paper

International Paper is the largest manufacturer of cardboard boxes in America with a roughly 30% market share. That's about 50% more than the second-biggest box manufacturer. Paidipaty noted that the cardboard box space has seen significant consolidation over the last 20 years, with the top four players not making up around 70% of the industry.

The top two players accounted for half of...