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B&G Foods Inc. Message Board

  • beefstu57 beefstu57 Aug 5, 2014 3:32 PM Flag

    There you go Jack...

    there is your sub $28....happy now?

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    • 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.

46.92-0.46(-0.97%)Jul 25 4:02 PMEDT