Gordon Tam, CFA
CFA, value, www.top10invest.com, long only

Seneca Foods Corp: A Long-Term Holding Trading Below Book Value

As Warren Buffet once said, you should think of yourself as a business owner when you buy a stock. If you treat a share of stock like a share of the business, you will start to think in terms of Return of Equity "ROE" and Price-to-Book ratio "P/B". You also want a business with an easy-to-understand business model. In fact, Seneca Foods Corp (NASDAQ:SENEA) is one of the few companies that puts a lot of emphasis on its equity value and has shown its capability to grow its shareholder equity value per share from $27.43 in 2010 to $35.25 in 2014. With an easily understandable business model, long-term investors will find SENEA can be a good buy-and-hold candidate....

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