Professional
Added to YB: 2024-02-02
Pitch date: 2024-02-02
SENEA [bullish]
Seneca Foods Corporation
+107%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally.
Market Cap
$808.6M
Pitch Price
$53.57
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.06
P/E
13.73
EV/Sales
0.68
Sector
Food Products
Category
special_situation
Alluvial Capital holding - LICT Corp ($LICT)
SENEA: Acquired Green Giant canned veggies from B&G, boosting gross profit with little investment. Shares -6% post earnings but recovered. Reduced share count by 6% Jul-Oct via buybacks at mid-single digit P/E. More buybacks expected in Feb report. Smart capital allocation.
Read full article (1 min)