B&G Foods (BGS)

Hola,

Pues tenia BGS en mi radar, y ahora que tengo algo de efectivo iba a comprar, por RPD, PER y precio la veo bien para largo plazo, pero, mirando el consenso de los analistas dan todos recomendación de mantener y precio objetivo cercano al que tiene ahora aunque un 4% por encima.

Como la veis?

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No la conocía. Es una mega-empresa de consumo de esas que tienen muchísimas marcas:

El historial de dividendo bien desde 2009, aunque parece que se ha estancado un poquito al final:

https://www.dividendchannel.com/symbol/bgs/

Resultados del primer trimestre de 2019:

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B&G Foods Reports Financial Results for Second Quarter 2019 (01/08/2019):

Second Quarter 2019 Financial Summary:

  • Net sales of $371.2 million
  • Diluted earnings per share of $0.28
  • Adjusted diluted earnings per share1 of $0.38
  • Net income of $18.3 million
  • Adjusted net income1 of $24.5 million
  • Adjusted EBITDA1 of $71.0 million
  • Completed the acquisition of Clabber Girl Corporation, a leader in baking products, including baking powder, baking soda and corn starch

Guidance Updated for Full Year Fiscal 2019

  • Net sales revised upward to a range of $1.665 billion to $1.700 billion
  • Adjusted EBITDA reaffirmed at a range of $305.0 million to $320.0 million
  • Adjusted diluted earnings per share reaffirmed at a range of $1.85 to $2.00
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¿Alguien está siguiendo esta compañía?

Me surgen dudas al ver la evolución y no entiendo el porqué… Llevo una posición pequeña pero se está acercando a precios en los que me planteo aumentar mi posición.

El problema es que no entiendo o no encuentro información de qué pasa… hay un porcentaje muy alto de “short float” y no veo el motivo…

Me gusta la evolución que está teniendo como estrategia con los productos y con la estructuración de la deuda.
El último transcript a finales de octubre me deja un buen sabor de boca.

Los resultados del Q4 2019 son en febrero.

¿Alguien que haya leído/escuchado algo?

¡Muchas gracias!
:heart:

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Yo llevo una pequeña posición, menos del 0,3% de mi cartera.
Se que anda con problemas serios de deuda, pero en el corto plazo no lo se…

Una bajada en la cotizacion por malos resultados es normal, puede haber mas motivos, muchas veces ocultos. El problema es cuando entran en juego los cortos, aprovechando o no esos malos resultados de una empresa, por que exageran la bajada multiplicandola.

Es incontrolable, no se sabe cuando se va a acabar, pero es entendible, hay gente que gana dinero no solo con las subidas, tambien con las bajadas.

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Financial Results for Fourth Quarter and Full Year 2019

Fourth Quarter 2019 Financial Summary:

  • Net sales increased $12.1 million, or 2.6%, to $470.2 million for the fourth quarter of 2019 from $458.1 million for the fourth quarter of 2018.
  • Gross profit was $94.4 million for the fourth quarter of 2019, or 20.1% of net sales.
  • Net sales increased $12.1 million, or 2.6%, to $470.2 million for the fourth quarter of 2019 from $458.1 million for the fourth quarter of 2018.
  • Gross profit was $94.4 million for the fourth quarter of 2019, or 20.1% of net sales.
  • The Company’s net income was $10.3 million, or $0.16 per diluted share, for the fourth quarter of 2019, compared to net income of $111.9 million, or $1.70 per diluted share, for the fourth quarter of 2018, which includes the $176.4 million gain on sale from the Pirate Brands divestiture.
  • The Company’s adjusted net income1 for the fourth quarter of 2019 was $17.8 million, or $0.28 per adjusted diluted share, compared to $22.3 million, or $0.34 per adjusted diluted share, for the fourth quarter of 2018.
  • For the fourth quarter of 2019, adjusted EBITDA was $69.5 million, an increase of $11.0 million, or 18.8%, compared to $58.5 million for the fourth quarter of 2018.

Full Year 2019 Financial Summary:

  • Net sales of $1,660.4 million for fiscal 2019, compared to $1,700.8 million for fiscal 2018.
  • Gross profit was $383.1 million for fiscal 2019, or 23.1% of net sales.
  • The Company’s net income was $76.4 million, or $1.17 per diluted share, for fiscal 2019, compared to net income of $172.4 million, or $2.60 per diluted share, for fiscal 2018, which includes the $176.4 million gain on the sale from the Pirate Brands divestiture.
  • For fiscal 2019, adjusted EBITDA was $302.5 million, a decrease of $11.7 million, or 3.7%, compared to $314.2 million for fiscal 2018.

Guidance for Full Year Fiscal 2020

  • Net sales range of $1.660 billion to $1.680 billion
  • Adjusted EBITDA range of $302.5 million to $312.5 million
  • Adjusted diluted earnings per share range of $1.60 to $1.80