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B&G Foods Inc. Message Board

  • crazyhorse1786 crazyhorse1786 Sep 27, 2012 8:13 PM Flag

    Any news?

    Any news of why the pull back Thursday the 27th. Am I missing something?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Have you looked at a chart lately ?
      Except for one small pullback in june, this stock has been going up uninterrupted since May 21st.

      I like this stock, and plan to hold it a long, long time, but it it's not apple.
      It's simply overpriced at this point imho.

      Just relax.
      This is a well managed company, and will reward you over time, but ALL stocks get overbought and correct.

      Regards

      • 1 Reply to stormfront2020
      • I would push back a little against your comment that it is overpriced at this point. I don't think you are factoring in the earnings boost (immediately accretive) that will come from the new acquisition, when finalized.

        Here's a comparison with others in the same sector and industry:

        finvizDOTcom/screener.ashx?v=151&f=ind_processedpackagedgoods,sec_consumergoods&o=-forwardpe

        If you compare with HAIN it hasn't had nearly the same run up YTD (+29.8% vs +71.8%), and had a lower forward P/E (without factoring in acquisition). There are 6 out of the other 35 that have (had) higher forward P/E's.

        Sentiment: Buy

    • I'm thinking it's just a combination of profit taking after a huge run up and dividend harvesting. Also, the cynic in me says that it is being set up for a nicer pop when Wenner inevitably comes on Mad Money and makes the announcement that the deal is officially done or as good as done on the new acquisition. I'lll be adding to my position when I feel the moment is right. Of course, anyone who waits too long will run the risk of missing the boat.

      Sentiment: Buy

 
BGS
29.39+0.27(+0.93%)Aug 21 4:02 PMEDT

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