Greenlight Capital, a value-oriented investment management firm, stated in its second-quarter 2026 investor letter that it believes integration challenges following Primo Brands' merger with BlueTriton Brands are temporary. The firm acquired its shares at an average price of $20.20, implying a 12% free cash flow yield on its expectation for 2027 results, significantly higher than peer free cash flow yields of 3-5%. Primo Brands (NYSE:PRMB) closed at $22.98 per share on August 26, 2026.