Snyder's-Lance, Inc. (NASDAQ:LNCE)
The Company manufactures, markets and distributes a variety of snack food products.
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Recs
I think its best this way. I hope I can get money by this.
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Snack food purveyor with substantial market share in their sector. Recent merger will increase bottom line long term.
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Starting to nibble on snack maker Lance after recent sell-off prompted by sub-par quarter. Facing rising energy/commodity inputs as well as integration challenges, but like the company longer term. Current 3.1% dividend supports attractive risk/adjusted value for patient longs.
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munchies, man
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cheap snacks in this economy got to do good
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Management is exploring newer logistics technologies and have demonstrated some low level of success. Because the company had been underperforming as a result of previous management, the current execs should be able to improve the immediate results.
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This company has been ready to pop for the last two years as its new mgmt team have been cleaning up all of the mistakes of the past 15 years of flat sales. The product is rock solid with the largest market share of any of its competitors. From the looks of the last three solid quarters it appears that all of the issues have been put to rest. Sales are climbing and the customer base is rock solid in its core of the southeast with a steady increase in its distribution into northeast, mid-west and southwest. Watch this one climb through 30.
Recs
This company has the best snack cracker in the market and owns over 50% of this sector. It has retooled all of its senior mgmt over the last two years and has spent as much time getting rid of the dead wood and establishing best practices. It is poised to push through 30 by spring 2008. The new mgmt have a goal of being a 1 billion dollar company by 2010. The CEO was an acquisition expert for Coca Cola and has already successfully acquired Toms Snacks and integrated it into its operations in record time proving that this new team has the right stuff. I see additional acquisitions in this companies future and a growth unparalleled in the snack food sector.
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Stale unhealthy food that tastes yecch! I know that this company has been around for a long time and hasn't really gone anywhere, and no surprise. You have to start with a good quality product.
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fundamentals don't support price
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despite poor Q3 earnings, this is a steady growth performer.
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