there is your sub $28....happy now?
For 38 minutes BGS carried an intra-day 27 handle.....bounced higher prior to the close
Given that BGS is a higher leveraged firm and thus carries a typical higher beta, this
38 minute behavior means little to me.
Will BGS drift lower, back below 28 even...?
It could over the next several trading sessions, especially if the overall market follows
a more protracted downward trend.....
I feel that BGS has enough operational issues, that Wenner outlined, which can improve
their metrics, thus translating into a higher trending stock price.
Barring a massive BGS debt disaster, or accounting fraud event, which I do not foresee,
I do not see BGS trading into the teens.....or even low 20s
Even given the recent rough spots in the brands disappointing revenue growth rates
BGS still has healthy margins and throws off good free cash flows.