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B&G Foods Inc. Message Board

  • jackmaster20 jackmaster20 Nov 26, 2012 9:49 AM Flag

    Dec 4th meeting

    I noted that BGS will present at the BAC Levered finance
    conference in Boca Raton. This will be available on the
    BGS website.

    Any ideas from anyone what specific news Wenner &
    Company might announce ? Or will this be a non-event.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • So tomorrow our little grocery store products company is a guest
      presenter at the Merrill Lynch Levered Finance conference.

      KKR, Blackrock, MorganStanley, PIMCO, Goldman &.........BGS

      Seems like a long way off from just selling Cream o' Wheat and
      some pickles.....but this has been Wenner's game since day one.

      BGS is really a balance sheet business and its capital structure
      for future growth hopefully will be discussed in further detail relative
      to its 2013 acquisition plans. Listening closely between the lines
      might help tomorrow.

      Cramer will probably go nuts, for no real reason, later this week.

      • 1 Reply to jackmaster20
      • I just listened to the BGS ML presentation.

        Lots of good hard data presented by Wenner
        and CFO Cantwell.

        3 tier brand management plan provided me with
        a better understanding on how and why decides
        on which brands to purchase.

        Nothing mentioned regarding additional plans
        BGS might have for newly bought manufacturing
        plant in NC, other than producing the existing Old
        style and Melba brands. Would have liked to hear
        any ideas to lever this new plant.

        3.7 X leverage ratio is lower than Jan 2012.
        27 % EBITA margins is highest in the mid market
        brand arena. Industry average EDITA margin
        is only 15 %. Appears to be where the "gold is
        made" for BGS investors.

        Wenner said nothing about 2013 brand acquisition
        targets, but look for a leading brand in a smaller
        product/brand catagory.

        Although there was time for questions at the end
        of the presentation, no questions were asked.

 
BGS
29.25-0.37(-1.25%)Jul 23 4:04 PMEDT

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