Mark Krieger

Food Stocks Deserve to Be on Your Plate

Damn..sorry about that..I thought the SA editors would of caught that error. best....mark

Shrewd Investors are Buying A&P's Unique Bonds

of course GAP has been rising on takeover rumor--why else would it be so strong?? ( didn't I mention this tidbit in my story?) its fundamentals are horrible---I indicated the bonds were below investment grade in the piece ( how else would you get a double digit yield?) Yes it is a puff piece--pretty much every artilce on SA is--I'm promoting the positions I own--I am putting my money where my mouth is!!! waht's wrong with that?


On Nov 23 01:16 PM bear_mkt wrote:

> These A&P bonds aren't "very unique." There are plenty of other
> bond-based trust-preferreds out there in $25 denominations.
>
> I would disagree that these are "appropriate" investments for most
> investors for long and short term holdings. The GAJ bonds are rated
> junk, Caa1/CCC. If you search around, you can find better credits.
>
>
> With all the emphasis take-over rumors and scenarios and quick profits,
> and the omission of any explicit reference to credit quality, I'd
> have to rate this article as a "puff piece." Caveat emptor.
>
> A&P operates in a tough competitive environment. IMHO, GAP and
> GAJ have been rising on take-over rumors, not on sound fundamentals.
> Just my opinion.

A&P Results Decimate Share Price: Look for Quick Bounce Higher

One point I would like to add ,that I neglected to include in my piece: GAP management expects to achieve a 5% EBITDA over the next two years, and that equates to approx. $500 million per annum based on annual revenues of $9.2 billion-if you do the math and divide this by the 57 million shares outstanding you get a forward EBITDA multiple of only .55 ,meaning that GAP will generate twice as much cash flow per year than its entire market cap. This one is super cheap.

Basic Food Fund: Fat and Happy for Now

Roger: way to think outside the box,, BRAVO!!!!!!!!!!!!!!!

Basic Food Fund: Food Stocks Devour Bears

I like it alot, although I'm surprised the share price has not acted more favorably... The company is doing the right thing and sooner rather than later Wall Street will catch on and reward the stock appropriately.

Basic Food Fund: Food Stocks Devour Bears

you are right, PBY , JBLU and SCS are not food stocks-i included them because they were a big part of my portfolio and I wanted to track them. About WFMI, It's a high priced food retailer and I expect many consumer's will drop down to lower priced retailers to help ease their finacial burdens brought on by the recession. MY point is simple: Beaten down defensive stock present less risk and higher reward potential than most other equities!!


On Mar 30 03:08 PM Alan Young wrote:

> Why are SCS, JBLU, and PBY in a food index? (Did you mean PBJ?)<br/>Other
> components are a really mixed bag. CAG is about even; but IPSU is
> down -50% YTD--never mind the one-day block sale. So what's your
> point? "You have to be a glutton for punishment" to buy all these
> names just because the sector seems safe.
> Ironically, WFMI --not on your list-- is outperforming all of them:
> +60% YTD.

Basic Food Fund Skyrockets

There is no such index, because I invented it, a little bit out of neccesity to track my own holdings. I cleverly coined it the "BFF" and it kind of stuck, even though three of the components are non food related.These are my core holdings and I figured why not make my own index out of these for fun. Who knows: maybe S&P will adopt it, as a true index someday-I won't hold my breath!


On Mar 13 03:35 PM Hmm?! wrote:

> BFF?? I can find no such index on bigcharts or my online brokeredge?
> I did some looking on google too.

Basic Food Fund: Will a 5000 Dow Decimate It?

it's a joke: The market is giving no value to IPSU's cash, and it two refinery plants. The company will also be getting a $40-60 million influx of cash through business insurance interruption proceeds, as well as another $250 million to rebuild its damaged plant. This one is a classic Buffett stock--his mantra: Buy when others are fearful.. This one is the buy of the century--its only caveat; its management team is ineffective at communicating to Wall Street.

Basic Food Fund: Will a 5000 Dow Decimate It?

I think I was referring to the Wholesome Sweetner business being worth $80 million, not the mexican joint venture!


On Feb 25 09:45 AM whatswrong wrote:

> Mark,
>
> You also stated in an earlier article that IPSU 50% position in the
> Mexican joint venture had a total value of 80 mil at todays mrkt
> cap that would value IPSU core business at less that 50 mil. Any
> comments are appreciated.

Basic Food Fund Holds Its Own

you are right..thanks for catching the error, mark


On Feb 06 11:03 AM T2MLM wrote:

> Basic Food Fund is proving its 'mettle,' you meean, ahem

A&P: Time to Go Long

some profit taking is in order, but I see the shares dropping no lower than the $6.50 to $7 range. I was impressed to see GAP shares make a nice comeback friday, bouncing 6% from its lows on the day to close north of $8


On Jan 10 10:17 AM mproc wrote:

> I like GAP to see upper teens - $20 by the end of the year as well.
> The real question is - will we see GAP pullback to the lows ($4-$6)
> that we saw in Nov. or Dec. of '08 to provide a better buying opportunity.
> I think the markets will retest the lows. Any thoughts Mr. Krieger?

Basic Food Fund Still Outperforming the Market

Thanks for the nice words..I appreciate it. mark


On Dec 15 11:42 AM delcape wrote:

> I like your style, and your analysis. I too am long on a few of these
> issues, sometimes wishing I had waited to pull the trigger on some
> (PBY NOW). My faith &amp; experience along with your philosophy,
> encourage me to buy more on the "dips". I do, however have some apprehension
> as to returning to their previous highs. These are such uncertain
> times.
> Thanks for your columns.
> Dan

Basic Food Fund Still Outperforming the Market

I sure hope so......that would be nice, but frankly my confidence has been shaken! Mark


On Dec 15 11:57 AM Roger Knights wrote:

> Looking on the bright side, PBY's decline creates a sort of double
> bottom, doesn't it?

Basic Food Fund at Rock Bottom Prices

I do own a ton of GAJ.....I think it's a hell of a bargain and could easily run back up to the $20 vicinity by years end. Mark


On Nov 21 10:36 AM Craigla1 wrote:

> Mark: Why not load up on GAP's long dated (2039) bond, GAJ? $25 par
> value, $2.34 in annual coupon. Trading below $11. Now yielding well
> over 20%.
>
> This looks to be a better play than buying the common.