Re: BGS News
More debt during an 8% inflation time . .Isn't that a good thing if you must own debt? Also, management stated they want to get debt back to their normalized rate by the end of the year.
That said, they still have more debt than I would like but always had since the Jolly Green Giant acquisition.
On the positive, they really have done well w/ that purchases, expanding their high margin specialty brands. Perhaps after this consolidation, maybe the goal will then be to get debt down to a more normalized level (pre Jolly Green Giant acquisition).
BGS one of my positions and I still am a buyer but at/below $19/share.
I have started to build a new position in food company Fresh Del Monte Produce (FDP) (started in Jan 2022).