Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.750

-2.2%

2:31 PM EST

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To: richardred who wrote (5889)	2/26/2020 10:07:24 AM
From: E_K_S	Read Replies (2) of 7243

re: BGS Yes just did that calculation on annual earnings $1.70 vs annual div $1.90. It did reflect some ROC (Return Of Capital) and FCF does cover that div. Wonder if there may be larger companies/ Private Equity looking at BGS (selling at BV) and believe sum of the parts may yield more to break up. PE could finance w/ such low rates and FCF pays the leverage w/ good returns on capital invested. BGS needs to trade North of $30/share to reflect a 6% div which is the market rate (when you look at some of the other food companies). FWIW made small Buy yesterday at $12.87/share. Needed to Buy 10x as much but better safe than sorry. Still holding 35% cash. Made a small add in M, UNFI and WMB yesterday too. EKS

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