[A little trading tip, don't use round numbers when trading, that's a sucker's game every specialist likes to take advantage of. I put my limit price in at $18.99 and sold there.]
At a forward p/e of 15, it's time to lighten up on B & G Foods - maker of syrups, Emeril's Original, Ortega Chile and other branded food staples. After all, this is an Enhanced Income Security, not a straight equity. I think that the management is good and I like the incentives in the contract they have to increase dividends. But the upside is not here for holders like it would be for a regular equity. I am not selling all my position, just lightening up a bit.
BGF 1-yr chart:
Disclosure: I own B & G Foods Inc for both my IRA, Taxable Account, and my relatives' accounts. At a price of $19 I may either sell more or hold what I have depending on my research. The B & G I sold was for my personal taxable account, I have not sold for any other accounts just now.
Disclaimer: Nothing in this web log is meant to be a recommendation to buy or sell.