Added to YB: 2024-09-26
Pitch date: 2024-09-24
BRID [bullish]
Bridgford Foods Corporation
-17.46%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States.
Market Cap
$94.5M
Pitch Price
$9.51
Price Target
N/A
Dividend
N/A
Sector
Food Products
Category
value
Bridgford Foods - A Look at the Real Estate Portfolio
BRID: Trading at $10, 0.71x P/TB. Hidden value in properties: Chicago plant sold for $60M (11% CAGR). 7 plants, 12ha land, 43k sqm buildings. Est. $50M property value ($3.80/share). Anaheim HQ worth $30-35M. Dallas, Chicago, Statesville properties undervalued. 80% family-owned. $240M revenue, $91M market cap.
Read full article (6 min)