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jackmaster20

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  • Will B&G Foods' Newest Acquisition Result In Increased Dividend? [View article]
    CN

    If that one cent dividend hike is the only egg on your face.......
    then you are going pretty good in my book....!!!!

    Oftentimes I have found myself covered from head to toes...!!!!

    Regards
    Jul 26, 2015. 10:38 AM | Likes Like |Link to Comment
  • Will B&G Foods' Newest Acquisition Result In Increased Dividend? [View article]
    CN

    Thanks or your reply.....

    Wenner drove those snack deals I am sure & I think (can not prove)
    that Mike Sand, prior to the RO purchase was ''consulting'' Wenner.

    IMO if the correct snack brands were bought in 2012-13 then Wenner
    would still be the CEO. Cantwell appears to me as the guy who
    was in the top mgmt ranks but not married to the snacks brand
    expansion concept, thus he is now the new CEO. IMO we will be able
    to see if my theory is correct if Michael Sand leaves BG Foods
    by Dec 31, 2015.

    Cantwell has never said anything positive regarding snacks except
    maybe detailing Pirate's Booty. Cantwell has made several positive
    comments about the SB of A deal exceeding expectations. Clearly
    the Mam Mary's deal is all Cantwell's.

    I also feel the market likes the last 2 ''core'' BGS inside the idles
    brand acquisitions. Not sexy, but bought at great prices. They
    have a fighting chance to succeed.

    Still a lot of moving parts for BGS investors to consider. Cantwell
    needs to get the Base Brands positive with the help of the last
    2 purchases. I don't know what will happen with Rickland's and
    New York Style in the future.....Wenner had a real bad last 18 months
    and it will cloud his legacy.......

    Thanks again for your article and your replies.
    Jul 26, 2015. 10:34 AM | Likes Like |Link to Comment
  • Will B&G Foods' Newest Acquisition Result In Increased Dividend? [View article]
    CN

    Never good at predicting time frames but pretty good at picking
    excellent long term profit machines. BGS stock price goes up
    when Cantwell does enough strong acquisitions to reverse the
    slide brought on by Wenner's foray into the snacks...mainly
    New York Style and Rickland Orchards.

    After listening to Cantwell over the 3 CCs its clear to me that he
    was the guy behind the last 2 acquisitions (SBofA & Mama Mary's)
    These 2 are priced right to drive added FCF.

    Good strong stable brand acquisitions made at EBITDA multiples
    less than 7 will take care of all of BGS stock price problems
    whether from dividend or adjusted EBITDA growth.

    Anyone worrying about their $1.36 annual div growth isn't watching
    what is happening to their BGS total stock total value. More good
    acquisitions by Cantwell will move the BGS stock price before
    renewed dividend growth is put back in place, especially given BGS
    relatively high, as compared to historic levels, leveraged ratio.
    Its now at 4.4 times adjusted EBITDA. I think I hear Cantwell
    saying he wants that below 3.5 ...? A lowered leveraged ratio, in and
    of itself, might actually help the stock price recover.
    Jul 22, 2015. 09:45 PM | Likes Like |Link to Comment
  • First flight of new Sikorsky helicopter pushed back again [View news story]
    LMT will announce tomorrow it bought Sikorsky from UTX.

    Over $ 8 billion

    I don't like that price, its too high for a division that had no
    other real bidder. TXT couldn't buy Sikorsky due to anti-trust
    issues. LMT was the true only potential buyer.
    Jul 19, 2015. 11:59 PM | Likes Like |Link to Comment
  • Will B&G Foods' Newest Acquisition Result In Increased Dividend? [View article]
    CN

    Not really looking for this acquisition to boost the dividend ......
    several bad acquisitions in 2012-2013 stole the required FCF
    to hike the dividend in 2015 on a regular basis.

    Now Cantwell must make more than one FCF accretive brand
    purchases to put the BGS dividend trend back on course.

    I think the next acquisition, if successful, will boost the
    stock price before the dividend growth rate is reinstated.

    BTW I am a long term & long time holder of BGS.
    My total position dividend yield is 17.3 % annually.
    So BGS price moves are more important to me at this time.
    I want to see the firm back to better execution, or a higher
    stock price.

    A few good brand buys takes this stock back to at least $ 35.
    From current values, much more enriching than a $ 1.36
    to a $ 1.60 annual dividend payout hike.
    Jul 19, 2015. 10:36 PM | 1 Like Like |Link to Comment
  • B&G Foods Preparing For First Acquisition Under New CEO [View article]
    I just spoke to a Mondelez brand rep who said he expects their firm to sell
    off brands over the next several quarters......?

    Also with the Kraft/Heinz merger closed, could we see 3G sell off smaller
    Kraft brands in the next few years...?

    Could these some viable targets for B&G Foods over the next several quarters..??

    Let's hope Cantwell does not announce any new bad surprises next week....!
    Jul 17, 2015. 11:26 AM | Likes Like |Link to Comment
  • Drought Affects B&G Foods [View article]
    CN

    Any idea what the new B&G Foods leverage ratio might be, after the SPO
    and the Mama Mary's brand acquisition...?

    Thanks for any info you might be willing to share........
    Jul 17, 2015. 11:15 AM | Likes Like |Link to Comment
  • Will B&G Foods' Newest Acquisition Result In Increased Dividend? [View article]
    CN,

    Thanks for the clear article on BG Foods. In the past you have provided
    accurate data and reasonable opinions regarding BG Foods prospects.

    Cantwell paid 6.6 X EBITDA for the Mama Mary's brand. From past BGS
    acquisitions that's a fairly cheap valuation. At least Cantwell gives this deal
    a chance to be successful for BGS investors by buying at lower values.
    Paying $ 50 million for $ 7.5 million of annualized EBITDA is OK with me.

    Regarding expansion ideas for Mama Mary's. Could BGS product a non-GMO
    version of pizza crust and stock with Costco & Sam's...??? I know that BGS
    is working hard to develop its warehouse clubs distribution.

    I see this new acquisition as a somewhat new direction for BGS. Pizza
    or Italian foods products seems like a new area for BGS. Maybe BGS sees
    pizza/Italian as a growing food segment to exploit. Will we see more
    Italian food products if this Mama Mary's deal works out....?

    A recent walk through a big box grocer in my area found a large presence
    of house brand pizza crusts sold right next to only 2 Mama Mary's products.
    This house brand competition worries me. Could this be another Rickland
    Orchards mistake...? I hope not.

    Lastly, I think the BGS stock price weakness is due to the poor results from
    the Snacks Brands experiment. The snack missteps you outlined clearly.
    Once/if Cantwell can add a few strong, working brands that generate the
    expected annual EBITDA, then I think BGS stock price will recover & move
    higher.

    Thanks also to all of the investor's comments here. Your comments make
    me think and learn.
    Jul 17, 2015. 11:07 AM | Likes Like |Link to Comment
  • Time To Panic For Pacific Drilling? [View article]
    CVC research

    "After 2016" will be here tomorrow if zero new UDW drilling contracts
    are signed......
    Jun 29, 2015. 11:44 AM | 1 Like Like |Link to Comment
  • Time To Panic For Pacific Drilling? [View article]
    CVC Research

    How far into 2016 ......?

    New build payments and debt maturities are upcoming after 2016.

    thanks
    Jun 28, 2015. 03:10 PM | 1 Like Like |Link to Comment
  • Time To Panic For Pacific Drilling? [View article]
    alwayswright

    I am also long PACD & think Beckett missed the goal by 18 months.....

    I still think PACD is a strong technical driller that needs to find help
    over the next 3 years to stay intact as a 7th gen high spec operator.

    I plan to be loooooong here too...!!
    I am prepared for this story to stay ugly until mid/late 2017.

    I sometimes wish PACD could buy additional 7th generation drill-ship(s)
    for under $ 450 million, maybe in 2016....but I don't want to push
    our luck...!!!!
    Jun 26, 2015. 04:23 PM | Likes Like |Link to Comment
  • Pacific Drilling Is Substantially Undervalued And May Be Takeover Candidate [View article]
    PH

    Thanks for your continued writings on PACD .......

    As others here have stated, 2010-2013 data used as replacement costs
    makes a Q Ratio in June 2015 less valuable when considering a firm like PACD.

    I don't know if selling drill-ships really helps PACD out of its troubles it finds
    itself in now. I would say that the banks know that PACD has a very strong
    technical fleet and a strong leasing relationship with a major IOC.

    IMO PACD has to "hang on" until mid to late 2017, when I think it will sign its
    next drilling contract. Rather than sell drill-ships in 2015, that I think will be
    strong FCF generators in late 2017.....I would hope that PACD can find
    a deal with its creditors to extend its current debt maturities, modify its
    existing debt covenants or both.

    Would PE be interested in a share of the PACD for a 3 to 5 year bridge loan
    deal...? plus the loan income earned....?

    Selling drill-ships into this badly depressed market really solves none
    of PACD problems.

    Thanks again PH and others for the fine postings here...
    Jun 26, 2015. 04:05 PM | Likes Like |Link to Comment
  • Pacific Drilling: What Makes It The Perfect Takeover Target [View article]
    The SaratogaHawk is known for his insightful perspectives .....
    even during a moment of a trival mistake he shows his honesty
    and class in pointing out his own error for all to see.
    Hawk's comments are always worthwhile.
    His integrity validates his worth for all investors.
    Jun 18, 2015. 08:34 AM | 2 Likes Like |Link to Comment
  • Pacific Drilling: What Makes It The Perfect Takeover Target [View article]
    Saratoga

    IMO its less risky for NOC/IOCs to build on-shore fracking infrastructures
    than to bet $$$$ on off-shore whales

    roads, pipes, water, hotels & restaurants can set up at less cost.

    Fracking now seems prohibitive in regions on the globe, I agree, but
    in years/decades to come, on-shore E&P be be found everywhere,
    much like shallow off-shore has led to UDW and HE/arctic projects.

    Regards
    Jun 16, 2015. 08:59 AM | Likes Like |Link to Comment
  • Pacific Drilling: What Makes It The Perfect Takeover Target [View article]
    They two firms, often known as premier off-shore drilling concerns, are
    saddled with highly leveraged balance sheets as compared to other
    off-shore firms

    Good name recognition but in a weak market, they are now in vulnerable positions

    Thank you
    Jun 16, 2015. 08:52 AM | Likes Like |Link to Comment
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