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Strategies & Market Trends : Value Investing
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To: Elroy who wrote (73871)10/5/2023 1:50:39 PM
From: Harshu Vyas  Read Replies (2) of 78702
 
I was looking at BGS a few weeks back. Decided against it because of the debt. If they can't refinance, they go bankrupt. That's too risky for me - especially since they're a small cap.

To me, margins are low and debt is too large. A 10% operating margin isn't enough.

$1.2b due in 2025, $550m in 2026 and 2027. No way they can pay the principal.

Interest expense is already close to 8% of revenues and harming profitability.

To me, the situation looks bleak.

Best,
Harshu Vyas
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