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B&G Foods Inc. Message Board

  • defilip1 Feb 14, 2013 10:56 AM Flag

    Buy on rumor?

    With today's spike upwards to over 33, are we seeing the beginnings of a "buy on rumor sell on news" event? Thoughts?

    Sentiment: Buy

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    • defilip1 Feb 14, 2013 12:55 PM Flag

      To gebertx... I'm not thinking BGS is a target so much as it is bouncing up pre-announcement. Then, when the numbers come out, it will drop back down a tad, even if the numbers are good. But glowing in the light of the HNZ events is as good of a reason as any for the bounce today. Thanks for your thoughts.

      Sentiment: Hold

    • Not thinking BGS is a target, however with HNZ going to Buffet, there may be some brand rationalization @ HNZ, I know this is wishfull thinking on my part, Buffet is a Buy and Hold kind of guy .... thinking Lea & Perrins ... Just a side note, I'm expecting Buffet to rotate some of his Building Material out of the portfolo, I'm thinking Johns Manville and ACME Brick will be sold ...
      I'm long BGS

      Sentiment: Hold

48.50+0.90(+1.89%)Oct 21 4:02 PMEDT