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Strategies & Market Trends : Value Investing

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To: Elroy who wrote (71250)	10/3/2022 1:21:03 PM
From: E_K_S	of 78694

Re: BGS I believe (from memory) their last refinance was out to 2023-2024 and they have been using their credit facility to carry them through to Q4 when price increases kick in. Not a good combination of large debt and rising interest rates w/o too much pricing power. At this point in the cycle (and sell off in other stocks), BGS is not too compelling except for their dividend. LUMN offers a larger div yield and in a different sector. They called a bunch of their bonds and are reducing debt. I did add a few LUMN last week at $7.25/share and more at $8.02/share. FWIW, I see I have some BGS Buys in 2/2020 at/near $13/share and more in 11/2019 at $12.85/share and my best BUY 2/25/2020 at $10.90/share. Currently my average cost for BGS is $19.78/share and no plans to buy more unless I get at $12/share

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