missedinv101

Bridgford Foods: Collapse Defies Logic

This company has not had a profitable quarter in the last 12 months, and we are heading into a more protracted economic environment than the last 12 months.

In addition shareholder equity has decreased $13Million (about 25%) to $34Million, over the last 12 months. At this rate the company would be worth nothing in the next 3 years.

It is not clear why this company is undervalued, given the negatives in the current economy? If the company was profitable that would be another story.