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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (62425)9/4/2019 1:43:12 PM
From: E_K_S   of 78673
 
Re: BGS

Since BGS reaffirmed guidance, picked up a few more shares at $17.29/share. Going to keep adding mainly for dividend as the Form 8-K shows they have been buying back shares. If the dividend was going to be cut, I would think they would stop buying back shares first.

Also, CEO said in their guidance, that earnings/growth may/could be higher "...B&G sees sales growth of 0% to 2%, while leaving open the ability to churn up more growth through M&A...". Would love to see more accretive acquisitions since they can/could continue to build this company. Market cap still quite small at $1.127BLN when you look at some of the other companies in this space.

EKS
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