Introduction
Just over a month ago, I wrote why investors should look at B&G Foods (NYSE:BGS) as an investment in an article titled Consider B&G Foods For Income, Not Capital Appreciation. At the time the price was $33.48 and
Buy B&G Foods Ahead Of Earnings
Summary
- Recent price decline has made B&G more attractive.
- Dividend yield climbs to 6.7%.
- Upsurge in COVID-19 cases may once again drive an increase in consuming meals at home - a sweet spot for B&G.
As of May 13, 2022, ranked #95 out of 10,688 Bloggers (top 1%) by TipRanks and #392 out of 18,543 (top 2%) overall experts by TipRanks.com. https://www.tipranks.com/bloggers/crunching-numbersFocus had been mostly on Sirius XM Holdings, B&G Foods - and more recently on Arbor Realty - and income investing. Huge fan of stocks that pay dividends, mostly because studies have shown that much of the total return from investing in stocks has been from dividends. Will often repeat the above in articles that I write for Seeking Alpha. I also will often note that it is rare that I write about stocks/companies that I do not own. I have 30 years (through 2000) experience working for basic manufacturing and high tech industries in both the US and Europe. Company sizes ranged from start-ups to Fortune top 10. Experience as manager and/or grunt in fields of financial analysis, revenue forecasting, business planning, budgeting, pricing analysis, compensation planning, contracts, marketing and product management. Have been investing in stocks more than 50 years, options for 30 years and on and off in real estate since 1981. Laid off when the dot-com bubble burst, and had the luxury to begin investing full time.I have no separate paid service offered on Seeking Alpha despite having been asked to start one on multiple occasions. There are many reasons that I have not done so. The primary reason is that I benefited greatly from the articles - and especially from the comments - on Seeking Alpha when it was a free site, and contributors weren't paid. It is my turn to pay it back. A secondary reason is that I like the luxury of choosing when to write rather than feeling obligated to pump out articles on a regular basis for subscribers or restricting myself to some particular set of themes. I will reply to almost any comment, especially those that have a different view. If, however, someone disagrees with me and attributes a position or statement to me that I have not made, I will give them a chance to substantiate the claim. If they can't, and refuse to publicly acknowledge the error, I will no longer reply to that individual. Finally, for those that wonder about the picture I have chosen, it is a turkey vulture that had landed in our front yard. There are certain funds known as "vulture" funds that focus on companies with distressed assets. It was an investment class that had always intrigued me. Also, most of my early articles focused on SiriusXM Holdings, a company that I owned stock in and one that nearly went bankrupt. It seemed appropriate, especially after my original image was declined. It was an image of a pig and in reference to the Wall Street adage: "Bears can make money, Bulls can make money, Hogs (or pigs) get slaughtered."BS in engineering from Boston U, MBA in finance from Rutgers.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of BGS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am currently overweight B&G, and have both long and short duration covered calls at strike prices of $32.50, $37.50 and $40. In addition to a long-term core position, I hold a short-term trading position. I am not reluctant to take profits at any time, and may do so by selling shares or closing option positions.
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