Dec. 9 at 4:06 PM
$BRID Shareholder’s equity per share on 11/3/2017 was
$6.17 and five years later it has risen to
$13.92 (fiscal year ended 11/3/2022). That represents a 125% increase in shareholder’s equity during that five-year timeframe, with the company producing approximately
$7.75 of retained earnings.
The issue? Not one penny of those earnings has translated into shareholder value via share appreciation. In fact, the share price has actually fallen 13.40% from
$12.80 per share in November of 2017 to a closing price of
$11.09 as of January 12, 2024. These facts are difficult to face in comparison to the S&P 500 index which rose 83% during the same timeframe.
Approx. 2 years later, the shares have fallen another 30% to
$7.60
