Bridgford Foods / ANAHEIM
Nature of business: Manufactures and distributes bread and snack food products. Total employees: 645 In Orange County: 180 Stock listing in The Times: On NASDAQ “BrdgF” Ticker symbol: “BRID” Friday’s stock close: $12.75 One-week change: Unchanged
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Analyst review: “Bridgford is a tightly run, well-managed company. Three generations of Bridgfords have been involved in its operations since it was founded in 1932 and the company is a remarkable success story. Less than 10 years ago its sales were at $54 million and by the time it celebrated its 60th anniversary last year, sales were at $100 million. During this period its stock was a rocket, but it has slowed due to the economy, especially in California where things have yet to pick up. Bridgford is best viewed as a longterm investment. When the economy picks up it will be well-posiitoned to surge ahead, since it has little to no debt.” --Ronald L. Strauss, analyst William Blair & Co., Chicago *
Revenue and Profit Dollar amount in millions
2 qtrs. ’90 ’91 ’92 ’92 ’93 Revenue $84.3 $93.0 $100 $50.0 $52.0 Profit $3.9 $4.5 $5.3 $4.0 $4.2
Corporate outlook: “We were pleased to have been selected by Forbes Magazine as one of America’s 200 Best Small Companies for the third consecutive year in 1992. Principal investments included a new refrigerated warehouse and freezer complex for the Anaheim facility. For the sixth consecutive year, Bridgford Foods Corp. has operated without borrowed funds.” -- Bridgford Foods Corp. Annual Report *
RETURN ON INVESTMENT: 3-YEAR SUMMARY AND YEAR-TO-DATE:
Fiscal year ending Nov. 2 Nov. 1 Oct. 30 2 qtrs. 2 qtrs. 1990 1991 1992 1992 1993 52-week high $10.67 $15.07 $24.50 $24.50 $18.00 52-week low $5.19 $6.89 $13.88 $13.88 $13.50 Book value per share $1.74 $2.12 $2.55 $2.31 $2.76 Price per share $6.89 $13.83 $15.00 $20.50 $14.50 Net profit per share* $0.42 $0.48 $0.56 $0.26 $0.28 Price-to-earnings ratio 16:1 29:1 27:1 39:1 26:1 Avg. return on investor equity 24% 23% 22% 37% 32%
* Adjusted for three-for-two stock splits in Jan. 1990, Dec. 1990 and Jan. 1992. For more information call or write, Bridgford Foods Corp.: 1308 N. Pratt St., Anaheim, Calif., 92803; (714) 526-5533. Source: Bridgford Foods Inc. ; Bloomberg Business News. Researched by JANICE L. JONES / Los Angeles Times
