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B&G Foods Inc. Message Board

  • pennyone122000 pennyone122000 Oct 3, 2012 11:47 AM Flag

    Holding up very well with the offer already above offering price.I think that's a first that I have seen.

    Should rise pretty good from here.

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    • It looked like the underwriter was busy near the close preventing it from falling below the 30.25 offering price.

    • She fell down late in the afternoon. There are only so many no preforming products that you can buy from the big players and turn around. Watch this puppy carefully.

      • 1 Reply to crazyhorse1786
      • There are "tons" of grocery products to buy from big players !

        Unilever said this morning it wants to sell Skippy peanut Butter, for $ 400 million (too big for Wenner at present) and will re-evaluate it food products that are non-core.....lots of future
        buying ideas for BGS from this global consumer products firm alone.

        Then what about P&G ? McDonald needs to re-structure (read: rid non-core brands) and
        reduce bureaucracy. Will P&G throw off some "jewels" for a small cap firm like BGS ? Over
        time, I would vote yes. What about KRFT or Mondelez ? Now that they are on their own, will
        they find brands that do not fit their plans ... ?

        There are several other consumer products firms that fly below the radar that need to redefine
        their operations and will sell small brands in the future.

        Wenner is an experienced consumer products manager, I do not think he would have entered
        BGS into the strategy of picking off "orphan brands" as a means to grow his business if he did
        not think there would be a steady stream of these brands to buy over the next several years.
        Over the past 5 years BGS has bought various brands on a relatively constant basis. I don't
        know what has changed in the consumer products world to think brands will not be traded in
        the future.

        Even though BGS just announced its new brand purchase and is in the midst of clearing its
        stock offering, you can bet that Wenner has a team currently talking and negotiating with firms
        about the next BGS product additions.......stay tuned.

        Sentiment: Hold

33.46-0.15(-0.45%)Apr 28 4:02 PMEDT