RE; BGS vs SENEA
richard I did a small add to BGS at $8.39. When you are paying 5.5% on Debt (maybe more for BGS); paying that down assures a return on capital.
Ok who is Seneca Foods Cp A(SENEA)?
Seneca Foods is North America's leading provider of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from over 2,000 American farms. Seneca holds the largest share of the retail private label, food service, and export canned vegetable markets, distributing to over 90 countries. Products are also sold under the highly regarded brands of Libby's, Aunt Nellie's, Cherryman, READ, Seneca Farms and Seneca labels, including Seneca snack chips. In addition, Seneca provides vegetable products under a contract packing agreement with B&G Foods North America, under the Green Giant label. Seneca's common stock is traded on the Nasdaq Global Stock Market under the symbols `SENEA` and `SENEB`. SENEA is included in the S&P SmallCap 600, Russell 2000 and Russell 3000 indices.
I heard of them but never really studied the company.
Market Cap $411 million (BGS market Cap $630 million)
PE: 3.87x PE (WOW!)
selling at 0.75x BV
Looks like a good Value play. Maybe I s/d be buying SENEA? Could there eventually be a merger of the two companies? |
