B&G Foods Inc. Message Board
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Good Entry level?
Am interested in establish a position in BGS. For those who have held it a while, what would be a good price on a pullback?
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The 50 day moving average is the typical spot for a buy.
- 1 Reply to plyka_b
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Looks to be under 18, which is what was looking at as an entry point.
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Guess I'll sit back and wait for the pps to go down. No rush.
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First let the news of increased dividend and the news of this acquisition settle down a week or so.
The old "good buy" range was under $17 particularly in the $16.50-16.60 range ... only time will tell what the new range will be but let the pps settle down before attempting to define such.
BGS historically has $.50 to 1.50 dips that have nothing to do with the company ... suspect its small group of shorts playing games, but these dips have always been temporary and are where better entry points are gained.
Luck
LTBH- 2 Replies to ltbhdollars
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Depending on your objectives, I don't know if there is ever a bad time to get into BGS. I like their company very much, their dividends have been pretty good for years, and I don't know of too many better companies to go with.
As a friend said, "People gotta eat!"
My two cents. -
PS
For completeness for any newer investors ... almost assuredly there will soon be a secondary offering which could cause a push to the $17 area and near $17 would, IMO, be a could entry for a starter position ... and I would always recommend incremental purchases layering in a third position each purchase over a period of time.
Remember that we will probably have another budget stalemate in a few weeks as well as ongoing EU issues which could drive down US stock prices.
Luck
LTBH
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