marcovichie

Bridgford Foods: Collapse Defies Logic

Well I am glad to see that Missedinv101 atleast knows how to read a simple income statement. Seeking Alpha should monitor what Mr. Krieger writes as this reads more like a "pump-and-dump" than anything else. Usually the shorts are right, maybe the Bridgeford family doesn't care about shareholders like the Bancrofts. Just an added side note this is not a high barrier to entry category and there is alot of competition with better tasting products.

full disclosure: I have no position, was just shocked to see Mr Krieger couldn't read an income statement

On Nov 02 07:04 PM missedinv101 wrote:

> 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.