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Strategies & Market Trends : Value Investing

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To: richardred who wrote (61925)	5/3/2019 10:36:49 AM
From: E_K_S	Read Replies (3) of 78699

Re: BGS The big positive from my review of their report was they used the proceeds from the sale of Pirate Brands to pay down their debt by 21% "While the sale of Pirate Brands reduced our financial performance for the first quarter, the very attractive purchase price we received improved our balance sheet and better positioned our company to continue pursuing accretive acquisitions," he stated. The company wants to make accretive acquisitions but will wait for the right opportunity. Company based on EPS does not cover their dividend so need to see how the revenue run rate is for a few quarters after this sale. No adds to position but will make a small add at/below $22.45/share as I like to average into a position. Only a 2% portfolio position so pretty much where I want to be on this stock. Also looking at GIS and KHC to add to my food basket of stocks. I also like UNFI but they are the distributor of these farm to table healthy foods. I like the market cap size of BGS vs KHC (25x larger) as it is easier for management to build their product portfolio and move the needle. Will wait on KHC w/ maybe starting a position at/below $25/share. EKS

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