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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (52112)	8/14/2013 12:28:38 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78627

Re BON.PA - I have a general rule that food companies at 10x earnings are a good value. Their products are well known in Europe, so there is some brand value. They have a decent LT growth record in the high teens, partly through acquisitions. But the margins are slim and debt load at almost 5.7x EBIT is high. I initially liked it more than SENEA, which is the closest peer I am aware of. SENEA value metrics are fairly comparable to BON.PA, which I sort of gotten aware of when I posted my buy and looked at SENEA again. is a vis, BON.PA does not look that great compared to SENEA. This makes me consider my decision. So essentially, I think you are correct. I think BON.PA is an Ok but not great buy. FWIW, today I dumped my remaining shares in EVK.DE