BGS
I purchased a small position in BGS today at about $11.66 here is what I like.
1) BGS pays a heathly manageable dividend now, and it still yields over 6.5%, So it always a positive to get paid while you wait.
2) BGS Guided for $.95-1.15. I personally think they will be at the high end if not exceed these EPS numbers, hence getting a food stock at about 10x this year estimates Sounds pretty good to me. I think they will do about $1.25 next year, hence at least a 12.5 PE, gets us to the upper 15's conservatively.
3) BGS Seems like they are finally getting there act together. Now that there divy is at a manageable level, and they are starting to reduce there debt (Which admittingly they have too much of), but it is starting to decline quarter after quarter, and that is a plus.
Conclusion: I like BGS and think it is a very interesting turnaround candidate, with a rather large but more stable dividend than it had in the past. Time will tell, but I think this one has potential. All is just my opinion, and I could always be wrong though.
