"Holy Crockpot!" Beefstu, Seems BGS has ended in the green for a second day in a row. Jackmaster and I live and avoid taxes for another day. Will tomorrow be the Hat Trick? Will Beefstu dine on Crow over the weekend? Stay tuned for Friday's Close. The Joker will be unmasked?
Board of Directors did not get your Memo as they are doing some inside Buying here recently. Next time put a stamp on it and send in ALL CAPS so you can be heard
I am baffled at the downside trend recently, but think this is a buying opportunity and a dividend is upcoming and earning is about a month. I think the next earning report and news on the CEO and any other acquisitions are what will be needed to reset the enthusiasm for this stock.
The Pirate Says, Weak Hands "Walk the Plank!" Aggggrrrr Staying part of the loyal crew. Dividend for all Mates later on this month.
Nothing fundamentally has changed with BGS which to me means a buying opportunity. Of interest Is that Pirate Booty has come out with a Mac and Cheese and did not have to overpay to do it. I would like to see a new CEO found within the existing Management Ranks. Perhaps they have to see first what is available out there to appreciate a home grown choice. If as a stock holder you can not take the bumps in the road, you should find a smoother ride. Within a week you get an upgrade and a downgrade. And you have the backdrop of world turmoil to content with with the anniversary of 9-11 soon to happen.
Sentiment: Strong Buy
Doesn't Beefstu know you prefer to get the B&G Tacos for Two for a romantic dinner at home. Save the Dining Out Dollars for a Cruise.
Salient Points for me, Basically I was impressed by depth of experience and adherence to a business model to successfully run the business with the return of dividends to stockholders. They know and watch carefully over each of the 40 plus brands and know the synergies and ways to integrate new products into existing outlets, THEY Are in just about any store you want to walk in. The fact they continue to plan to reduce expenses to offset inflation and other cost increases tells me they are proactive managers. Areas of concern? Well we are in a low interest rate environment. Interest Rate go up it might impact their ability to find acquistions that fit the profile Meantime nice place to park money in an environment that has world turmoil as a basic backdrop.
Did anyone listen online to the presentation BGS CFO made this week, have nice slides to go with it and tells the story of BGS. I am happy to have a stock like this, paying nice dividends and a a defensive stock basically domestic in a time of international turmoil. Check out the presentation on BGS webpage.
I am always amazed at the people that cheer on Chipotle as if this were a cook off and not an investment. Panera Bread is similar concept and both fall into the fast casual category. BUT compare the PE Ratios for Chipotle and Panera 60 for CMG vs PNRA at 22 Panera clearly comes out the stock with the most to gain if the Panera 2.0 concept delivers. Eat where you want, but to get the Bread to pay the bill, Panera has more room to rise.
Beano problem at PNRA, They are so busy they are rolling out Panera 2.0 tech to get the crowds thru faster. CMG Can Make Gas
Spam is a Hormel Product, I would prefer pancakes with Maple Grove Syrup.-a B&G Product Please Pass the Polander All Fruit. The combination of the two Dollar Store format companies could have an impact as if BGS .is in currently in both stores then the combination might push for better pricing,. If only in one of the companies (that I do not know) then they would likely expand the distribution and increase B&G sales. BGS is good at specializing packaging for different outlets, such as groceries, club stores, dollar stores, etc.
if you check Underwood online you will see they have four varieties so they expanded the line to include other meat products. I think B&G should cross promote Underwood as a spreadable topping for the NYC Bagel Crisp Product. Infact I made that suggestion to IR.
That would be a mean sandwich with Underwood Ham, a B& G product. I don't know Jack, but I know he is spot on with the metrics
I think he will leave when he feels the transition would be right, He mentioned in the conference call they do not need him to do M&A which indicates to me that he has provided for succession company wide,
I still think they are well managed. I have always liked the upfront style of the CEO and the fact they react to issues pretty much in real time. If you listened to the conference call they say they are on target for the balance of the year They just can not make up the impacts of the first half. I would rather have honest answers and no management SPIN or worse yet cooking of the books to cover up short term issues.
I will be interested to hear the earnings conference. CEO has stated they are not impacted much by inflation in Beef and other food products. Reasons to hang around, Good Dividend, Well Managed, Defensive Stock with M&A growth historically being done. Oh have you tried the New York Bagel Chips, Yummm
Just because the clause is there, DOES NOT mean they will charge it AS to do so would really Frost the Customers who believe as in the Casino A card laid is a card played.. Theory vs Reality tells me the Negative PR would be worse than the extra fees they would collect.