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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (4751)	2/13/2018 4:56:13 PM
From: Paul Senior	Respond to of 7238

I also added to my small SENEA position today.

To: richardred who wrote (4751)	2/20/2018 10:26:22 AM
From: richardred	Read Replies (1) \| Respond to of 7238

RE-8K SENEA snip> Reasons for exiting the business include; large operating losses, reduction in availability of peaches, rising costs for farmers and the Company, and import competition from China and Europe. The expected completion date is prior to December 31, 2018. The Company has developed a high-level estimate of $5 to $20 million for the total pre-tax P & L charges expected to be incurred in connection with the closure of the facility, primarily relate to cash payments for employee separation and impairment charges. In addition, an $8 million vendor advance may be required to be repaid (no P & L impact). The Company will provide an estimate of the amount or range expected to be incurred for each major type of cost associated with the plant closure when a good faith determination can be made. The amounts and timing of all estimates are subject to change until finalized. The actual amounts and timing may vary materially based on various factors. Once the charges impairment charges are taken. .IMO a bost to earnings long term. This bodes well where margins are very thin and competition is fierce. Ironically the company just increased it's presents in the Maraschino Cherry business. I'm guessing it might now be the leading provider in that niche category? This should bring some pricing power. Last I knew, both McDonalds & Burger King offer M. Cherries on their shakes. P.S. snip>Gray & Company is a privately held corporation with more than a century of traditions a fruit processor, and today stands as the worlds largest producer of maraschino cherries. Seneca Foods Completes the Acquisition of Gray & Company ... in Hart, Michigan, is the world’s leading provider of maraschino cherries and one of the largest providers of glace or candied fruit ... snip>Diana Fruit Company is the largest processor of cherries for fruit cocktail and the 3rd largest supplier of maraschino cherries in the United States, Seneca Foods Completes the Acquisition of Diana Fruit Company ... Santa Clara, California, is one of the leading providers of maraschino cherries and fruit cocktail cherries. Its product suite is sold ...

To: richardred who wrote (4751)	6/24/2018 2:57:56 PM
From: richardred	Respond to of 7238

SENEA-Speculation $SENEA IMO rarely talked about. However a bunch of us still need prepared meals for work, not just home. Otherwise we have to use the #Food wheel of death at work. Will $AMZN go there to? I'm using #Bertolli #Nestles #Stouffer's & $CAG #HealthyChoice frozen meals & $HRL #Hormel #Compleats $CPB #ReadyMeals. P.S. After all how many spouses make a packed lunch for their other half? Amazon’s prepackaged Meal Kits are reportedly already on sale For select Amazon Fresh customers By Chaim Gartenberg @cgartenberg Jul 18, 2017, 9:25am EDT Earlier this week, rumors were swirling that Amazon was preparing a new meal kit service, similar to those offered by companies like Blue Apron or Plated, with a trademark filed on July 6th. Turns out, not only were those rumors accurate, but Amazon is reportedly already selling its new Meal Kits to select Amazon Fresh customers. Most of the information on the Meal Kits comes from Josh Chadd, a Seattle resident who described his experience to GeekWire. Each Meal Kit includes food for two, ranging from $16 to $20 per kit (or roughly $8 to $10 per serving). Amazon is said to currently have 17 meals available, including “Steak Au Poivre,” “Tacos al Pastor with Pork,” and “Roasted Cod with Cannellini Bean Ragout & Pesto.” That pricing compares pretty favorably to Blue Apron, which costs $9.99 per serving. The current the market leader when it comes to meal-delivery services, Blue Apron’s stock plummeted yesterday when news of Amazon’s meal kit trademark broke. Amazon has been trying to crack food delivery for users for a while now, between initiatives like the AmazonFresh grocery service (which costs $14.99 a month), the upcoming Amazon Go grocery stores, and, of course, the company’s recent acquisition of Whole Foods for $13.7 billion. “TruittWebVideo Final H264” on #Vimeo The Truitt Bros., Inc. team will be in there along with our partner Seneca Foods Corp. vimeo.com