BRID - Bridgford Foods Corporation Fails To Impress Mr. Market But Hope Still Lingers

2024-02-20 09:00:00 ET

Summary

• Bridgford's fourth quarter earnings improved with a significant increase in operating earnings and a decrease in long-term debt.
• First quarter results are expected to show a jump in earnings and a slight decrease in sales.
• The stock price has fallen despite the S&P 500 index reaching an all-time high, indicating poor relative strength.
• First quarter results and annual meeting next month could add further clarity to the future of the share price.

It has been four months since my last article on Bridgford Foods (BRID) was published and not too much has happened since then, other than a release of their fourth quarter earnings, a tentative date of March 27th for their next Annual Shareholder's Meeting and a flattering article by Seeking Alpha author William Walsh. In addition, a new advertising campaign was revealed, featuring Mario Lopez....

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