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   Strategies & Market TrendsSpeculating in Takeover Targets


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From: richardred12/18/2019 12:49:14 PM
   of 7058
 
Added to MDWD today. IMO the NexoBrid™ product is worth more than the current market valuation and you get the rest of the pipeline for free.









To: richardred who wrote (4291)5/10/2018 12:58:22 PM
From: richardred of 5730
Sold out MDWD - PBH & CECE - proceeds Added to IEC and MLR today. Liked the earnings and recent sales increases of both.

MDWD - Took profits even though they disclosed their was an interest in someone acquiring the company.

P.S. I know all to well how painful a burn is and why I like this Pharma specialty space. . A little scar reminder. Unknowing also used Bio-Glue to seal a deep wound I received earlier this year. This in a company I owned previously.


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To: richardred who wrote (5718)12/18/2019 1:37:53 PM
From: richardred
   of 7058
 
Added to VCEL today on the decline.

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To: E_K_S who wrote (5251)12/19/2019 10:19:31 AM
From: richardred
1 Recommendation   of 7058
 
I added some shares of BGS today. Dividend looks more solid now and a better chance of market appreciation IMO. GIS yesterday, CAG today. The food group must be climbing up the timely notch from where it was. A bunch of doubting Thomas's short make a chance for an upside surprise next Qtr IMO. Integration costs from acquisitions should be done or winding down. A hypothetical accretive acquisition using stock leverage leverage could also help.

Conagra Brands beats profit estimates on strong snack, frozen food demand



Contributor
Praveen Paramasivam Reuters



Published
Dec 19, 2019 8:03AM EST

Credit: REUTERS/FRED GREAVES
Conagra Brands Inc topped Wall Street quarterly sales and profit estimates on Thursday, helped by strong demand for the Slim Jim maker's snacks and frozen foods, sending its shares up about 8%.







Adds segment details, profit comparison, background

Dec 19 (Reuters) - Conagra Brands Inc CAG.N topped Wall Street quarterly sales and profit estimates on Thursday, helped by strong demand for the Slim Jim maker's snacks and frozen foods, sending its shares up about 8%.

The company has been investing to revive brands it had bought as part of its Pinnacle Foods acquisition, including Birds Eye and Duncan Hines.

Conagra has also been pouring money into brands it had owned prior to the $8 billion Pinnacle purchase, launching a spate of products including professional wrestler Randy Savage-themed Slim Jim meat stick, to fend-off competition from private labels.





The Chicago, Illinois-based company also raised its forecast for annual cost synergies from its Pinnacle acquisition to $305 million by the end of fiscal 2022 from $285 million, and said it planned to invest savings to help drive sales.

Sales in its grocery and snacks segment grew 14.2% in the second quarter, while its refrigerated and frozen food segment grew 28.8%.

Excluding items, Conagra earned 63 cents per share, beating the average analysts' estimate of 57 cents, according to IBES data from Refinitiv.

Net income attributable to the company nearly doubled to $260.5 million, or 53 cents per share, in quarter ended Nov. 24, from a year earlier.





Net sales rose 18% to $2.82 billion, largely due to Conagra's acquisition of Pinnacle last year, beating the average analysts' estimate of $2.80 billion.

nasdaq.com

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To: richardred who wrote (5733)12/19/2019 11:29:38 AM
From: robert b furman
   of 7058
 
Hi richardred,

I went shopping for some Tostidos yesterday.

The big bag (14.5 ounces)was $4.25 up from $3.99 for a long time.

Menards sold the bag at 2.99 as a price leader for years.

Now it is $3.00 for a 10 ounce bag.

Pricing is trying to go up in the snack biz.

Sidenote, I have not seen the "Hint of Lime" Tostidos for a while - I wonder if they were discontinued and replaced by Grain and Jalapeno? The lime is really good with my homeade salsa.

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To: robert b furman who wrote (5734)12/19/2019 11:46:47 AM
From: richardred
   of 7058
 
Hi Bob: a tip if you don't already do it? I do this. Put a nice helping of Salsa sauce in your Taco shell along with the other ingredients. I love toco sauce with my tacos. We ran out one day, but we had salsa. I substituted and do it a lot since then. We do a lot of taco's around this house. Pepsi owns the snacking isle(Tostidos).

P.S. Suggest you use BGS Ortega taco shells. <G> I personally like the hard shells.


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To: richardred who wrote (5735)12/19/2019 11:51:59 AM
From: robert b furman
   of 7058
 
Hi richardred,

Having lived in Houston since 1981, I'm an official Mexican food junky.

I judge my Mexican restaurants by the salsa taste and chips they serve.

Papsitos is number one with Cyclone Anaya's being number two.

We eat a lot of flour tortillas. I even have my own press.

Having been in Wisconsin this summer - I now have cravings for good Tex Mex food.

Bob

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To: robert b furman who wrote (5736)12/19/2019 12:03:28 PM
From: richardred
   of 7058
 
There's nothing like homemade Bob. Whenever I try and diet. <sigh> Salsa and chips to dip into are my favorite snack. Get ready for the diet commercials. January's coming.

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To: E_K_S who wrote (5725)12/19/2019 12:06:29 PM
From: E_K_S
1 Recommendation   of 7058
 
ACST +9% new recovery high last $2.60/share. Not really a merger/buy out (maybe in the future) but Phase III results for their krill oil based drug (similar to Vascepa discovered/approved for AMRN) s/d be out this week.

Company said end of year and getting close to end of the year. Have shares at $0.86/share and more last week at $1.85/share. Could be a very Merry Christmas at the EKS household.

Good investing

EKS

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From: richardred12/19/2019 12:10:59 PM
   of 7058
 
New buy today COWN-COWEN INC from the Value Board . Put on my radar by IntoOLEDs.

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To: richardred who wrote (5563)12/19/2019 1:27:54 PM
From: richardred
   of 7058
 
I re-entered MNTX with a small buy with the stock nearing a 52 week low. Near term prospects are poor. I'm not sure accounting issues have been totally solved? However I like the insider buys and like the fact Tadano owns a nice chunk.

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