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

To: bruwin who wrote (61944)	5/9/2019 11:54:03 AM
From: richardred	Read Replies (1) \| Respond to of 78702

Speaking of goodwill. I have a feeling this will not be accretive for Edgewell shareholders. Only cost saving synergies from what I've seen. From what I've seen so far. BGS has brought in accretive acquisitions. No argument from me good historical numbers are a report-card and a good way to invest. Before the Pirates Brands was sold it must have been carried on the books with goodwill for price they originally paid. They booked a capital gain on the sale. As you have mentioned numbers are important. Especially when it comes to borrowing, credit ratings and debt covenants. There's know question you and others were right on with OMI. How about now @ 4. I saw it up 10% the other day at 4 .Selling twice book value. For me personally I find this worth watching still because of the chance of a big return quickly. As you mentioned, this is Speculating. My main board has the word Speculating in it. I just show in the header a way it can be done with less risk. Yes it's not for everybody. When a company buys another company. In a way isn't this speculating? This when they have no way in the future that current earnings or earnings growth is sustainable? “Consistent with our acquisition strategy, we expect the acquisition to be immediately accretive to our earnings per share and free cash flow.” Pirate Brands’ deliciously baked, all-natural, trans fat and gluten free snack brands include Pirate’s Booty, Smart Puffs and Original Tings. B&G Foods projects that following the acquisition, Pirate Brands will generate net sales of $80 million to $90 million and adjusted EBITDA of $18 million to $20 million on an annualized basis after the business is fully integrated into B&G Foods. B&G Foods intends to fund the acquisition with the remaining net proceeds of its recently completed senior notes offering and additional revolving credit borrowings under its credit agreement. B&G Foods expects the acquisition to close in July 2013, subject to regulatory approval and the satisfaction of customary closing conditions. bgfoods.com Shaving Start-Up Harry’s Will Be Sold to Owner of Schick for $1.37 Billion via @NYTimes https://t.co/EWTo5Rxpah — Mario Gabelli (@MarioGabelli) May 9, 2019