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B&G Foods Inc. Message Board

  • juanruiz1330 juanruiz1330 Jun 10, 2013 10:31 AM Flag

    Make an acquisition

    stock soars.

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    • Knee-jerk reaction by market to ANY deal Wenner announces.

      But I worry that maybe BGS has done a deal that may not meet
      its past purchase criteria. $ 195 million with a higher EBITA multiple
      cost is NOT what Wenner has done in the past.

      Has Wenner pulled the trigger too fast on this transaction ? Did he
      pay too much for 2 popcorn products ? This is not mature, category
      leading brand. Its a niche brand in a very competitive sector.

      Expensive purchases has killed other packaged shelf stable
      firm in the past. BGS has been a real winner over the past 5 years
      due to its cheap acquisitions.

      I hope this deal is not going to hurt EBITA and DFCF.....these are
      the 2 metrics that has allowed BGS to grow.

      More uncomfortable about this deal than other purchases over the
      past 4 years.......

      Long BGS since Aug 2009

 
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