SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsSpeculating in Takeover Targets


Previous 10 Next 10 
From: richardred3/20/2018 10:15:18 AM
   of 6101
 
New buy today - OMI- OWENS & MINOR

Share RecommendKeepReplyMark as Last Read


From: richardred3/21/2018 10:07:57 AM
   of 6101
 
Added to CPB & BGS today on the new lows

Share RecommendKeepReplyMark as Last ReadRead Replies (3)


To: richardred who wrote (4819)3/21/2018 10:39:14 AM
From: robert b furman
   of 6101
 
Hi Rick,

Here's my favorite food stock: AMNF

Cash of over 4 million and debt of 1.38 million.

They have also just completed an expansion which will make their food making capacity increased and more efficient.

They have just increased the dividend by 12.5 % to 2.25 cents yielding 3.3%:

screencast.com

I have been buying with dividends and have accumulated 18,000 shares at an average of 2.16 - now yielding on cost 4.17%.

It can not be marginned and is a pink slip over the counter stock.

I started accumulating this with a buy and forget about it attitude, wished my funds that went into TIS would have been put here - sigh.

Best of trades!

Bob

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: robert b furman who wrote (4820)3/21/2018 10:54:12 AM
From: richardred
   of 6101
 
Hey Bob:
I guess I'm going big with Brand Names or staying home. <g>

Guess what Bob your not the first person to mention that company on this board. I had this one on the watch list for awhile. Should of could of. Sigh!

From: morokko655/27/2005 11:02:18 PM

Read Replies (3) of 4821
ARMF: a small microcap food company

This is a small Italian food co in San Francisco area. The CEO was formerly affliated with McCormick Shilling in the 1970s. He is 76 or 78 year old. The company has been public since 1990 and has a relatively small float. They are flush w/ cash & have no debt. They pay a 7% dividend.

The downside is: illiquid stock, low revenue growth, boring industry sector, low visibility. The Family owns most of the shares.

I have been long for many years and have felt that a takeover of some sort would eventually happen.

so far this year, they intended to take the co to the pinks due to the high cost of Sarbannes Oxley compliance. That was abruptly reversed.

2 mutual funds took a small stake in 2005, which has been rare over the years

a director bought a nice chunk last week

the CEO indicated that they were investigating "strategic alternatives to being a public company" in a recent news release.

The annual shareholder meeting ( a regular event in the last 11-12 years) did not happen, with no comment from the co.

My worry is that they go private at only a small premium, but they could be bought by PSTA in nearby Monterey

Message 21367236
Message 21377027
Message 27079373

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: richardred who wrote (4821)3/21/2018 11:04:45 AM
From: robert b furman
   of 6101
 
Hi Rick,

Well my wife is 24 Karat Italian.

Whatsa matter you - You don't like tortellini. <smile>

Bob

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: robert b furman who wrote (4822)3/21/2018 11:32:40 AM
From: richardred
   of 6101
 
Bob I'm 1/2 Italian. <wink> We had my Grandmother Sozio's 4ft rolling pin at the house. A mound of flour and the eggs in the middle. Well, she did the rest. She hand cut it to. I just watched and ate. Loved the Braciole, Meatballs,and Sausage she threw in with the home made sauce.

For some strange reason. I always looked at any Corporate names that were involved. My Mom had to use Contadina prouducts. . She was loyal brand name conscious. Olive Oil was that Gold and yellow expensive Filippo Berio can.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: richardred who wrote (4823)3/21/2018 11:43:12 AM
From: robert b furman
   of 6101
 
Hi Rick,

My wife has her grandmother's ravioli roller that cut out the tops and bottoms of the pasta - which were filled with Riccota cheese.

Also some Italian cookie forms - great traditions.

I know you mean Gravy.<smile>

Bob

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (4819)3/21/2018 1:41:24 PM
From: richardred
   of 6101
 
General Mills dismal results weighing in on the food sector today. Increased food & transportation cost a factor in today's decline.

Share RecommendKeepReplyMark as Last Read


To: richardred who wrote (4040)3/22/2018 1:06:07 PM
From: richardred
   of 6101
 
BGS - HAIN - Speculation aspects - CAG had good earnings today. They sold their private label brands to Treehouse. The deal to sell it Wesson oil business is off due to regulatory concerns. I was used to remembering the talk of Private labels generally thriving in a recession environment. I think the economy is doing much better now a days. IMO meaning Brand names will see slower declines in historical traditional branded space and can withstand price increases better. I see companies using existing brand name awareness by creating or extending offshoot lines. This by way of healthier,organically,and strategically packaged lines geared for better for consumer tastes of today. IMO- A good earnings report today just might mean CAG is ready for a bigger acquisition? BGS & HAIN IMO BGS needs a bigger parent to compete better. IMO HAIN's itself has a good line of brands for newer consumers taste. The fact that GIS was willing to pay a big goodwill price (8 billion for a 1.3 billion business) for diversification. IMO Shows food companies are willing to make big moves for growth. Privately held Mars also made a big acquisition in the pet space. It's $9.1 billion acquisition of pet care company VCA. I also think wev'e got to the point now bigger food companies with want to fold in some of the acquisitions made by some of the smaller companies made to grow themselves faster. Pirate's Booty/Back to Nature Foods Company by BGS are examples.

P.S.
Costs are rising in the group and customers are trying to keep costs down. IMO Consolidation is one way to combat pressures from customers. I can't help but see some synergies here.

CAG snips> The Refrigerated & Frozen segment continued its growth momentum in the third quarter with 3.2% net sales growth.

>Volume declined 4%, driven by retailer inventory reductions, which were higher than anticipated, and deliberate actions to optimize distribution on certain lower-margin products, consistent with the Company's value over volume strategy. Price/mix declined 2% as the Company increased its investments with retail customers to drive brand saliency, enhanced distribution, and consumer trial. The acquisitions of the Duke's, BIGS, and Angie's BOOMCHICKAPOP businesses added approximately 500 basis points to the net sales growth rate.

BGS snip>Net sales growth was primarily driven by our three most recent acquisitions, all of which performed better than expected, as well as strong growth in Green Giant frozen and Pirate Brands

Share RecommendKeepReplyMark as Last ReadRead Replies (3)


To: richardred who wrote (4792)3/23/2018 11:55:12 AM
From: richardred
   of 6101
 
RE-SENEA speculation

Fresh Del Monte Produce Inc. Announces Definitive Agreement to Acquire Mann Packing Co., Inc.

02.06.18
Download this Press Release PDF Format (opens in new window)
Acquisition Enhances Fresh Del Monte’s Growth in Value-Added Products and Expands North America Presence Further Diversifying the Company

CORAL GABLES, Fla.--(BUSINESS WIRE)-- Fresh Del Monte Produce Inc. (NYSE:FDP) announces that its North America subsidiary, Del Monte Fresh Produce N.A., Inc. (“Del Monte”) entered into a definitive agreement on February 5, 2018, to acquire Mann Packing Co., Inc. (“Mann Packing”), an award-winning innovator and leading grower, processor and supplier of a broad variety of fresh and value-added vegetable products in North America. Mann Packing’s annual sales were approximately $535 million in 2017.

Del Monte will acquire Mann Packing for an aggregate consideration of approximately $361 million in cash financed with cash on hand and the Company’s existing credit facility. The Company expects the acquisition to be accretive to earnings in the first year. The transaction is subject to regulatory approvals and other conditions that are customary for transactions of this type and is expected to close during the first quarter of 2018.

“We are extremely pleased about our acquisition of Mann Packing, a leader in the fresh and value-added vegetable category,” said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Fresh Del Monte. “Mann Packing’s strength in the vegetable category, one of the fastest growing fresh food segments, will allow us to diversify our business, leverage our distribution network and infrastructure and increase our market reach. In addition, this transaction will provide us with synergies, enhancing our ability to better serve our combined customers and address consumers’ needs for healthier products. This acquisition is a significant step toward our goal to be the world’s leading supplier of healthful, wholesome and nutritious fresh and prepared food and beverages for consumers.”

Rabobank served as the exclusive financial advisor to Fresh Del Monte on this transaction.

About Fresh Del Monte Produce Inc. ( www.freshdelmonte.com)

Fresh Del Monte is one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa and the Middle East. Fresh Del Monte markets its products worldwide under the Del Monte® brand, a symbol of product innovation, quality, freshness and reliability for more than 125 years.

About Mann Packing Co., Inc. ( www.veggiesmadeeasy.com)

Mann Packing, established in 1939 and based in Salinas, CA, is a leading grower, processor and supplier in North America of fresh vegetables, including washed and ready to eat fresh-cut vegetables, snack packs and party trays, and washed and trimmed lettuce products for the food service and retail markets.

Forward-looking Information Fresh Del Monte Produce Inc.

This press release contains certain forward-looking statements regarding the intents, beliefs or current expectations of the Company or its officers with respect to various matters. These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company's actual results may differ materially from those in the forward-looking statements as a result of various important factors, including those described under the caption “Key Information - Risk Factors” in Fresh Del Monte Produce Inc.'s Annual Report on Form 10-K for the year ended December 30, 2016, along with other reports that the Company has on file with the Securities and Exchange Commission.

Note to the Editor: This release and other press releases are available on the Company’s web site, www.freshdelmonte.com.

P.S.
RE- SENEA If Amazon was ever to gets into the brick and mortar food space supply chain? IMO Just the threat of that is compelling of SENEA. I Currently see this vegetable scaled company fits with someone now more than ever before. There' are two classes of stock to basically preventing a hostile takeover. However as I usually say, most anything sells for the right price. CPB had issues with Walmart in soup. Doing what Walmart does best, trying to keep cost down. IMO owning or controlling a supply chain will be very important factor moving forward. At one point Sears owned equity stakes in some of it's top suppliers. IMO-I could be wrong, but I think we might be moving forward towards this type of business relationships again? The reasoning-Loosing a valuable supplier to a competitor could change the competitive landscape and shelf space, moving forward.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10