Nov. 8 at 2:24 PM
$JJSF Underperforming everyone, which is a challenge when your industry is in free fall. Added on Friday at
$81 with earnings on deck. I am guessing people are looking at the PE and missing the big picture. Thanks to being one of the few players in the food industry without debt (most have massive debt), EV/Sales for JJSF is now down to 1.0 compared to 2.01 for GIS, 1.6 for CPB, 1.9 for KHC, etc. and EV/EBITA is now 9, which in on PAR with most of the best players. With no debt cost, 4% dividend has 70% coverage and one of the few players showing growth across several areas with a big deal about to get announced. This is starting to get ripe for an all-share buyout by a larger player looking to add cheap sales/earnings. Either way - glad to own in the low 80s and hopefully find bottom here.