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

To: richardred who wrote (61925)5/3/2019 10:36:49 AM
From: E_K_S  Read Replies (3) | Respond to of 78702
 
Re: BGS

The big positive from my review of their report was they used the proceeds from the sale of Pirate Brands to pay down their debt by 21%

"While the sale of Pirate Brands reduced our financial performance for the first quarter, the very attractive purchase price we received improved our balance sheet and better positioned our company to continue pursuing accretive acquisitions," he stated.

The company wants to make accretive acquisitions but will wait for the right opportunity. Company based on EPS does not cover their dividend so need to see how the revenue run rate is for a few quarters after this sale.

No adds to position but will make a small add at/below $22.45/share as I like to average into a position. Only a 2% portfolio position so pretty much where I want to be on this stock.

Also looking at GIS and KHC to add to my food basket of stocks. I also like UNFI but they are the distributor of these farm to table healthy foods.

I like the market cap size of BGS vs KHC (25x larger) as it is easier for management to build their product portfolio and move the needle. Will wait on KHC w/ maybe starting a position at/below $25/share.

EKS



To: richardred who wrote (61925)5/3/2019 10:48:36 AM
From: E_K_S  Read Replies (2) | Respond to of 78702
 
FWIW got my fill on BGS @ $22.45/share . .must have sold off during conference call.

EKS



To: richardred who wrote (61925)6/13/2019 8:57:48 AM
From: richardred  Respond to of 78702
 
RE-Beyond Meat Competition

Tyson Launches Its First Plant-Based Protein Brand to Compete With Beyond Meat.

gizmodo.com

P.S.
>It also has plenty of fast-growing competitors. In addition to California-based Impossible Foods, meat purveyor Tyson invested in Jerusalem-based Future Meat Technologies and lab-grown meat producer Memphis Meats.


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