
O-I Glass shares have plunged 37.3% since July, but I maintain a “Buy” rating due to extreme undervaluation. OI's Q2 2026 results were abysmal, with revenue down and net loss widening to $972 million, yet the Americas segment showed resilience. Management slashed full-year and 2027 EBITDA guidance, but cost-cutting initiatives like Fit to Win are delivering tangible savings.










