Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 7.030

+2.5%

Oct 31 9:30 AM EST

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From: E_K_S	11/1/2019 9:49:22 AM
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B&G Foods -3% after light profit Oct. 31, 2019 4:19 PM ET\|About: B&G Foods, Inc. (BGS)\|By: Clark Schultz, SA News Editor B&G Foods (NYSE: BGS) trades lower after a Q3 profit miss during a quarter in which revenue decreased 3.9%. Adjusted EBITDA fell 6.1% to $86M during the quarter vs. $85M consensus. Adjusted gross profit was 28.0% of sales. Looking ahead, B&G expects full-year sales range to fall in a range of $1.665B to $1.70B vs. $1.66B consensus and EPS of $1.65 to $1.80 vs. $1.82 consensus. Adjusted EBITDA of $295M to $310M is anticipated vs. $307M consensus. BGS -2.89% AH to $15.10. ------------------------------------------------- Still huge short interest 41%. CEO confirmed div and a path for growing earnings. They are doing stock buy back (would like debt pay down more). Current yield 12%. Good conference call on they plan for Green Giant specialty dish products Held my nose and add a few more at $14.50/share. xdiv 12/30 for $0.47/share

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