Topic: How To Invest

Q: What is your opinion of B&G Foods? Is it a good investment or not? Thanks.

Article Excerpt

A: B&G Foods, $22.70, symbol BGS on New York (Shares outstanding: 66.6 million; Market cap: $1.5 billion; www.bgfoods.com), manufactures, sells, and distributes a wide range of prepackaged food and household products in the U.S., including Puerto Rico, and Canada. Its product line is large: hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, sauces, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters, yogurt-coated granola bars, and other specialty products. The company’s more than 50 brands include Cream of Wheat and Green Giant frozen vegetables. Other brands include Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Pirate’s Booty, Polaner, Spice Islands, Victoria sauces, Back to Nature, and SnackWell’s. B&G continues to grow by acquisitions—its purchases over the last three years have more than doubled its sales. The company aims to continue to grow by buying brands…