B&G Foods Inc. (BGS, Financial) filed Annual Report for the period ended 2011-01-01.
B&g Foods Inc. has a market cap of $714.5 million; its shares were traded at around $15 with a P/E ratio of 20 and P/S ratio of 1.4. The dividend yield of B&g Foods Inc. stocks is 4.5%.Hedge Fund Gurus that owns BGS: Joel Greenblatt of Gotham Capital, Bruce Kovner of Caxton Associates, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns BGS: Diamond Hill Capital of Diamond Hill Capital Management Inc, John Keeley of Keeley Fund Management.
Our $25.0 million revolving credit facility and our $130.0 million of term loan borrowings mature in February 2013, and our $350.0 million of senior notes mature in January 2018. Our ability to raise debt or equity capital in the public or private markets in order to effect a refinancing of our debt at or prior to maturity could be impaired by various factors, including factors beyond our control. For example, in recent years U.S. credit markets experienced significant dislocations and liquidity disruptions that caused the spreads on prospective debt financings to widen considerably. These circumstances materially impacted liquidity in the debt markets, making financing terms for borrowers less attractive, and in certain cases resulted in the unavailability of certain types of debt financing. Any future uncertainty in the credit markets could negatively impact our ability to access additional debt financing or to refinance existing indebtedness on favorable terms, or at all. In addition, any future uncertainty in other financial markets in the U.S. could make it more difficult or costly for us to raise capital through the issuance of common stock or other equity securities. Any of these risks could impair our ability to fund our operations or limit our ability to expand our business or increase our interest expense, which could have a material adverse effect on our financial results.
We are able to amortize goodwill and certain intangible assets within the meaning of Section 197 of the Internal Revenue Code of 1986. We expect to be able to amortize for tax purposes approximately $245.9 million between 2011 and 2025. The expected annual deductions are approximately $31.4 million for 2011, approximately $29.7 million for fiscal 2012, approximately $28.2 million for fiscal 2013, approximately $23.5 million for fiscal 2014, approximately $22.3 million per year for fiscal 2015 through 2017, approximately $19.7 million for fiscal 2018, approximately $15.3 million per year for fiscal 2019 and 2020, approximately $13.3 million for fiscal 2021, approximately $2.3 million for fiscal 2022 and approximately $0.1 million for fiscal 2023 through 2025. If there is a change in U.S. federal tax policy that reduces any of these available deductions
Read the The complete Report
B&g Foods Inc. has a market cap of $714.5 million; its shares were traded at around $15 with a P/E ratio of 20 and P/S ratio of 1.4. The dividend yield of B&g Foods Inc. stocks is 4.5%.Hedge Fund Gurus that owns BGS: Joel Greenblatt of Gotham Capital, Bruce Kovner of Caxton Associates, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns BGS: Diamond Hill Capital of Diamond Hill Capital Management Inc, John Keeley of Keeley Fund Management.
Highlight of Business Operations:
At February 28, 2011, we had total long-term indebtedness of $480.0 million, including $130.0 million principal amount of senior secured indebtedness and $350.0 million of senior unsecured indebtedness. Our ability to pay dividends is subject to contractual restrictions contained in the instruments governing our indebtedness. Although our credit facility and the first supplementalOur $25.0 million revolving credit facility and our $130.0 million of term loan borrowings mature in February 2013, and our $350.0 million of senior notes mature in January 2018. Our ability to raise debt or equity capital in the public or private markets in order to effect a refinancing of our debt at or prior to maturity could be impaired by various factors, including factors beyond our control. For example, in recent years U.S. credit markets experienced significant dislocations and liquidity disruptions that caused the spreads on prospective debt financings to widen considerably. These circumstances materially impacted liquidity in the debt markets, making financing terms for borrowers less attractive, and in certain cases resulted in the unavailability of certain types of debt financing. Any future uncertainty in the credit markets could negatively impact our ability to access additional debt financing or to refinance existing indebtedness on favorable terms, or at all. In addition, any future uncertainty in other financial markets in the U.S. could make it more difficult or costly for us to raise capital through the issuance of common stock or other equity securities. Any of these risks could impair our ability to fund our operations or limit our ability to expand our business or increase our interest expense, which could have a material adverse effect on our financial results.
We are able to amortize goodwill and certain intangible assets within the meaning of Section 197 of the Internal Revenue Code of 1986. We expect to be able to amortize for tax purposes approximately $245.9 million between 2011 and 2025. The expected annual deductions are approximately $31.4 million for 2011, approximately $29.7 million for fiscal 2012, approximately $28.2 million for fiscal 2013, approximately $23.5 million for fiscal 2014, approximately $22.3 million per year for fiscal 2015 through 2017, approximately $19.7 million for fiscal 2018, approximately $15.3 million per year for fiscal 2019 and 2020, approximately $13.3 million for fiscal 2021, approximately $2.3 million for fiscal 2022 and approximately $0.1 million for fiscal 2023 through 2025. If there is a change in U.S. federal tax policy that reduces any of these available deductions
Read the The complete Report
