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

To: E_K_S who wrote (74202)	11/9/2023 7:35:55 AM
From: Elroy	Respond to of 78708

Yes, they booked a big loss from writing down the Green Giant assets related to the sale. I've only glanced at their financial results, but my quick look indicates the Q3 to Q4 trend is good. They did $80m EBITDA in Q3, and the middle of annual guidance produces $90m of EBITDA in Q4. They did 27 cents pro forma EPS in Q3, and the middle of guidance is about 32 cents if I recall (from looking at it last night). So......sequential trends may be good. I wonder if their Q4 guidance already excludes Green Giant, so perhaps they sold off a less profitable division? If so, maybe they didn't get much for it. I seem to recall they paid $765m for Green Giant in 2015, and the Green Giant revenues in 2016 were pretty disappointing. Maybe they built it back up, not really sure. I don't pay attention to them that closely, all I know about BGS is that they're now (I think) realizing the benefits of price increases set in a while ago to combat inflation, so .... hopefully returning to previous trends, something like that.