Buying BGS @ $33.26
2% position
Like ConAgra, B&G Foods makes packaged foods. Frozen foods. Brands you know and love - Green Giant, Tone's, Snackwell, SkinnyGirl, Ortega, and many more.
Packaged foods is a tough business, but B&G has managed to pay a dividend since 2004 and grow it pretty dramatically. It's been flat in recent years. Stock yields over 5% today!
The stock looks primes for a breakout after a year hanging out at this level - breakout could happen and push the stock to yield closer to 3% - that would be a 40% gain!
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