"we are also in the final stages of developing new innovative Bear Creek products that we expect to launch starting the fall soup season. We have expanded our distribution of Maple Grove Farms' pure maple syrup, and new Maple Grove Farms' salad dressing into club stores late in the fourth quarter. So far, sales are off to a strong start."
they seem optimistic about those two brands. A single serve bear creek soup or other items would be good product. i never tried the soup because just to much soup.
yeah i agree. rickland orchards got killed by larger companies entering the segment. cantwell said they got outpriced in wholesale clubs. going forward as bg foods get bigger they will bump heads with big guys more often. they may need develop scale in certain things if want to compete. BG makes use of third party manufacturers on alot of products. it reduces risk but also increases price of products.
just please no more snacks lol. i would like more seasonings a company like spiceco would be a nice fit. and they just got hit with a recall of Hot Hungarian paprika maybe time to strike! i use this product quite often when want to add some spice to dish that calls for paprika.
The Far Spica was just booked on spot voyage for supply duties for statoil. This looks to be a similar 2013 xbow design. it may technically different, but just using as guesstimate. it got a day-rate of NOK 80,000 day. when converted to USD that equals 10,518. so herb says contracts are above current spot rates. But how much above? if current spot is below breakeven they cant be making enough to cover div at this time. Even when ships are delivered.
me i wouldnt go all in. there is good chance they will have to cut dividend. id want dry powder for that moment to double down, if you are in for long term horizon.
16 million in savings on those newbuilds is significant savings. one thing i wondered is that 8 million savings does that translate into a decrease in book value of 48 million for the 6 ships they have working?
there was never any doubt about workload. Its all about the rates. need to look at similar fixtures around same time to get guesstimate. also need to factor in stronger dollar. the north sea contracts is paid in KRONER so may not convert to as much as before.
i noticed meltem is on the move to curacao. underway in the south atlantic. moving closer to work area or does it have contract?
i listened to the wells fargo conference this afternoon. He was saying they buy 50 million in Canadian maple syrup yearly. So they actually should benefit in the currency effect for this year supply.
do they have any meaningful sales in canada? i go to bg foods canada. there is only cream of wheat, sugar twin, and mrs dash. they should roll out more in canada than aquiring.
did you read the should part? Herb Hanssoon always puts on a brave face, will be paid from debt. idk if your familiar with NAT you need to look to their history to get idea how this will play out. Pareto broker is forecasting 70% div reduction.
as per credit suise-
NAO maintained its $0.45 quarterly dividend (~16% annual
yield). NAO generated ~$3M in OCF in Q4 below its Q4 dividend payout of
~$10M. NAO finished 2014 with negative net debt to capital (no debt and
~47M in cash). However, NAO will need its balance sheet to fund its 2015
dividend and the January deliveries and the final two newbuilds (~$150M).
We expect net debt to cap to end 2015 at 30%.
i think herb will use debt to pay div, which hurts company in long run. After awhile it will be reduced but seems market is pricing in 50% div cut. im planning to add to my position when div reaches about 20%