Not in Kroegers at least in the Indianapolis area. However, it is in Meijers, Walmart, Marsh and a lot of local stores. Go to Mama Mary's web site and put in your zip code and you can find out what stores carry the brand.
PARSIPPANY, N.J.--(BUSINESS WIRE)--
B&G Foods, Inc. (BGS) announced today that it has acquired Spartan Foods of America, Inc. dba Mama Mary’s and related entities from Linsalata Capital Partners and certain other sellers for approximately $50.0 million in cash, subject to certain post-closing adjustments.
“We are delighted to welcome Spartan Foods of America and the Mama Mary’s brand to the B&G Foods family,” stated Robert C. Cantwell, President and Chief Executive Officer of B&G Foods. “Under the leadership of Linsalata Capital, the company has built a solid and profitable business.”
Mr. Cantwell continued, “The Mama Mary’s brand complements very well our existing portfolio of brands, including our Don Pepino pizza sauce. And, consistent with our acquisition strategy, we expect the acquisition to be immediately accretive to our earnings per share and free cash flow.”
B&G Foods projects that after being fully integrated into B&G Foods, the Mama Mary’s brand will generate on an annualized basis net sales of approximately $35.0 million and adjusted EBITDA of approximately $7.5 million.
Mama Mary’s is the #1 brand of shelf-stable pizza crust, by unit volume, in the retail channel.
Cramer,s Monday June 15 rating was 161,000 households. His market reach is almost non-existent. I like the stock though and just bought my initial position.
Couple of points. I am retired and wear UA shirts and other products in the regular course of things. Not a product just for athletes. Our daughter and family live in the Charleston area where it is hot and my wife buys them UA clothes which the boys love. Secondly, The digital health strategy is huge. It can be a money maker on its own due to advertising. Social media only exists because of advertising and UA now has a second business that ties in with the first. I generally do not like companies that are have many businesses rolled into one but this is different because they compliment each other.
Out of 101.31 million shares, only about 100 thousand are owned by individuals (other than insiders) or about 0.5%. It makes no sense for them to split the stock. In addition it makes it tough for short sellers to borrow stock to sell.
It is all about interest rates. The 10-year went above 2% awhile back and is now up to 2.32%. Bonds are now considered to be more competition to stocks that pay higher dividends. The pros think that this is the beginning of a big rise in bond rates. It is going to take longer than they think for rates to go up. After the great depression it took 20 years for rates to really recover.
You did not read my note below. There is a site Dividendinvestor that gives all the dividend dates each quarter from declaration to pay date and the histories. Most companies follow the same pattern every year. In the Fall PSX also said at least a double digit % increase each year out for the foreseeable future and reiterated that on the last conference call. The CEO would not say double digit % increases unless the board agreed with the strategy. He is not only the leader of the company but the spokesperson.
This company is doing all the right things. They are using their huge cash flow to reinvest (primarily in the non refining businesses), increasing the dividend by a decent amount every year and with excess cash buying back stock as long as the management things the company is undervalued. Plus the two big JV's, Chevron Phillips Chemical and DCP midstream are self funding with money going one way, back to the parents.
Yes refining can be flaky, but over the long pull it evens out and throws off huge cash flow. It also supports the Marketing and Specialty segment.
As bad as things look with brady, Harper hit 3 HR's last night to lead the Nats to a win. He signed with UA a few years ago when he looked like the NL version of Trout. Injuries have curtailed his games played the past two seasons. However this year he has 8 HR's and 20 RBI and looks like the guy that has stardom written all over him.
Depends on what the contract reads. I would be surprised if there was not a clause covering an event like this. If not they may need to just pay him off and not use him in any promos.
Phillips in the past has said that money only moves in one direction with DCP and that is from DCP to the two owners. They do not want to inject any additional capital.
May 5 (Reuters) - Occidental Petroleum Corp said on Tuesday that executive Vicki Hollub will replace Chief Executive Steve Chazen after "a thorough transition period."
As part of the announcement, Oxy said Hollub would be promoted immediately to senior executive vice president from vice president.
Chazen, who has been CEO since 2011, said he would help Hollub take the top job "when she is ready to take it on."
Oxy also boosted its annual dividend 4 percent on Tuesday to $3.
All the industrials that run portfolios of businesses have been marking time. PH is up 32+ % in the last 2 years compared to ETN up only 14%. Both have similar gains over 5 years. Both have 75% + institutional ownership so share price should not be a problem.