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B&G Foods Inc. Message Board

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  • ltbhdollars ltbhdollars Jul 27, 2011 11:59 AM Flag

    whats going on?

    I am one of those who recently sold my BGS position. I have held BGF/BGS since its IPO in 2004 and recently sold half in the 17s and half in the 18s.

    As to price and value, late comers don't know or forget that this stock was in the 2.60s Oct 2008 and the $8s Nov 2009 ... a pps in the $19s or $20s represents a very major move.

    I really like this company/management but IMO a full valuation is in the $14 to $16 range and again for me a 4% yield is way below my min requirement of 8% .... so I sold.

    I am not recommending anyone else follow me since everyone's goals, risks and situation is different .... but there are very valid reasons to not be an owner at current pps/yield even though its an excellent company.


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