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B&G Foods Inc. Message Board

  • rogermarislives rogermarislives Oct 16, 2013 9:36 PM Flag

    Expect a sell off after hours and on

    Friday . That happened last earnings and they did the same 1 cent dividend raise before earnings announcement. I think things are going swell for this company and they have as good a leader as there is. I think its a great thing that this baby has run the past few days up to the 37$ level so that when it gives back a dollar or two it still will be at great levels.

    Friday is also option expirations so I can see a tough day. I just hope this baby holds on. Can anyone imagine a stock split some day????

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    • In the 3rd quarter, Wenner just said....

      Tier 1 brands sales Down 5.7 %
      Tier 3 brands sales down 8.0 %

      Pirate's, Old NY Style & TruNorth added $ 32 million in sales

      Snack brands contributed 120 basis points of margin contraction........

      EPS same at 35 cents

      Thank goodness for the recent acquisitions ....Rickland Orchards acquisition
      better deliver additional sales growth, to make up for lousy tier 3 sales drops.

      Sounds like Wenner really hopes that Rowan & Sands from Rickland Orchards
      (before that Heins) can develop the "nonexistant" BGS warehouse clubs market

      More snack acquistions are coming in 2014, IMO, with their smaller margins

      Old New York Style really needs to get sales growth rolling, with the new
      display/rack concepts or it sounds like that acquisition could be a "dump"
      or the first real bad purchase since 2005.

      Stock price is going back down to "near $ 30" ......hope all the dividend seekers
      are happy with the 1 cent dividend hike

    • Great call on the sell off. Getting crushed in after hours trading.

    • defilip1 Oct 17, 2013 11:01 AM Flag

      I don't expect a stock split for quite a while, but you never know! I bought BGS a few years back and am nothing but happy!

      Sentiment: Strong Buy

48.15+0.05(+0.10%)Oct 25 4:02 PMEDT