Professional
Added to YB: 2024-02-01
Pitch date: 2024-02-01
SENEA [bearish]
Seneca Foods Corporation
-109.62%
current return
Author Info
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Company Info
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally.
Market Cap
$808.6M
Pitch Price
$52.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.06
P/E
13.73
EV/Sales
0.68
Sector
Food Products
Category
turnaround
Show full summary:
Greystone Capital sold position - Seneca Foods ($SENEA)
$SENEA: Sold on Q2 miss; over-inventoried, levered, earnings down YoY, cash burn from canned goods inventory needs. Green Giant acq rationale unclear despite cheap price. Bloated inventory typical for Jul-Nov pack but concerning given industry volume declines & stressed B/S. 40% gain on exit.
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