Re: B&G Foods misses by $0.02, reports revs in-line; guides FY22 EPS below consensus,
The two cent miss is not the real problem ...cutting the dividend from $1.90 to $0.78 Is an obvious red flag.
Another red flag is selling off parts of the company.
Considering today's future outlook into 2023 & 2024 the competition in this sector is predicted to be "Take no prisoners." This environment will be very Very hard and at a cut throat advantage. The expected inflation in 2023 is working against B & G plan.
If keeping B & G Foods, it would be prudent to keep up on their progress. Seems that management got over enthusiastic with too much debt. Facing them with why would anyone want to buy an unwanted unit and only if the price is so low that it is being like giving it away.
Could be that the blueprint used over decades has now become obsolete and a new plan needs to be built to fit today's and tomorrow's environment.
Not a recommendation just an idea... I would sell the shares and buy a better choice. ...but also keep tad on their progress and buy back the shares at a lower price vs what you sold at. Just my view . Do what you think is best. But do not take the "What me worry?" path of do nothing.
NOTE: my post #891. 6/30/22. ... you might find it interesting history