MARKETS,Anybody even yet?

[dinghy]

PBR.A now under 10.50. That's a buy!

[olds442jetaway]

I may add to mine tomorrow to lower my average basis

[dinghy]

Green on a red day, but oh the volatility.

After the close, GDX added another 1%, only to then subtract 2.5%.

I'm guessing GDX was reacting to India -- gaining on the strike news, but then reversing when India announced it avoided military sites.

But then meanwhile, US/Chinese trade talks were announced.

US stock indices have fully recovered their regular-session losses.

[olds442jetaway]

Added a block of PBR-A. I think it was 10.54. No other bargains I saw, but I only had an hour or so to check.

[FAA]

Wendy’s -40% YOY. That’s downright frosty!
Glad I’m a consumer, not an investor.

[olds442jetaway]

I took a big hit today on BGS. Down to 4.7. Besides the pickles, they own 50 brands you would recognize. Great 12 percent dividend. Now 16 percent with the price drop in the shares. I don’t think the wife and I helped Wendy’s bottom line much. Today we each had 1.39 Jr cheeseburgers, free 6 piece nuggets with the App, and free Frosty s with our key tags. With our senior discount and tax, the bill was less than 3 bucks. Kind of a nutrition and Sodium nightmare, but we were starving after the ride home from Bizarro and it’s only a 5 minute ride from home.
The question for tomorrow is do I catch the falling knife at BGS and risk it going lower?
Barchart has BGS as a hold and 20 percent recommend a strong sell. If I knew the dividend was safe, I would just double my shares and after the 30 day wash rule dump the first batch for a tax loss. Between Fed and State, Uncle
Sap er uh I mean Sam would cover 29 percent of my loss and I would have the same number of shares as today in my account.

[FAA]

Your palate has devolved. I thought you hated Frostys and now you're swinging the damn the key tag! It's part of my Wed routine too given the free nuggets/Frosty combo. I get the Son of Baconator with the $3 promo now. No wonder the stock price is under water.

[dinghy]

The question for tomorrow is do I catch the falling knife at BGS and risk it going lower?

Now available below 4.50.

I didn't find clarity in the earnings call. It reminded me of Jay Powell's press conference. "Don't know," "wait and see," "can't comment."

They escalated promo spend merely to achieve lackluster results. Now they're seeking to dump important business units, potentially at distressed prices.

I was surprised no one asked about the divvy.

I'm trying to learn about corporate bond analysis, because bond prices may provide early warning of insolvency. Here's a chart of B&G's 2027 bond:

https://www.tradingview.com/symbols/FINRA-BGF4883972/



I don't know what I'm looking at, but I see the price is well above the late 2022 lows when the stock traded down to around 12.

Latest trades:

https://www.finra.org/finra-data/fixed- ... ondType=CA

On the usual metrics, the stock is cheap at 4.50.

The one I own in that industry is CPB. Its bonds are holding steady around 100, but the stock is more expensive on PE and other measures.

I'm tempted to take a small stab at BGS.

[dinghy]

I'm tempted to take a small stab at BGS.

In at 4.40.

And 4.37.

Falling knife indeed .

[olds442jetaway]

I bought 1/3 of my current position in the 4.30s earlier today. The div has been paid forever. If tgey keep it and that’s a big if, that makes 16 percent at current levels. If I see it stabilizing, I’ll pick up the other 2/3 and sell my first batch for a tax loss