Bridgford Foods Has A Lot Of Asset Value But Not A Lot Of Cash Flow [Seeking Alpha]
Bridgford Foods Corporation (BRID)
US:NASDAQ Investor Relations:
bridgford.com/corporate/investors
Company Research
Source: Seeking Alpha
Follow Summary Bridgford Foods Corporation's sell rating is due, in part, to heavy ownership concentration hindering change and potential difficulties in selling off parts of the family legacy. Bridgford Foods Corporation's second-largest customer, Dollar General, is experiencing a post-pandemic business decline, which could lead to decreased purchases from suppliers like Bridgford, impacting margins. Bridgford Foods Corporation saw a decrease in consolidated net sales in 2023 and a significant decrease in the first three quarters of 2024, particularly in the snack food segment. Juanmonino I am giving Bridgford Foods Corporation NASDAQ: BRID ) a Sell rating even though the stock is trading under liquidation value. This is mostly because members of the Bridgford family beneficially own, in the aggregate, approximately 80% of the company's outstanding stock. While the company has been in operation for over 90 years, which is quite impressive, having this heavy a concentrati
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