Tuesday, February 23, 2016

Recent Buy - Flowers Foods (FLO)

I just wanted to mention my most recent purchase which was Flowers Foods (FLO) earlier this month. This purchase was right on the heels of an earnings miss. I view this as a buying opportunity and a temporary setback for Flowers Foods as the company is still guiding for higher YOY numbers for 2016.

I'm keeping this brief since I just purchased FLO in January. The Broke Dividend Investor also has an article on his site about his recent purchase as well if you want more be sure to check that out.
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7 comments:

  1. All About InterestFebruary 23, 2016 at 5:46 PM

    Thanks for posting. I remember looking into this one a while back. The growth looks good if you don't mind a lower starting yield. I definitely like their brands as I use some of them and they are small enough to be a possible buy-out candidate at some point. Thanks for sharing, I'll have to take a deeper look.

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    1. Captain DividendFebruary 23, 2016 at 6:12 PM

      It's was one of my lower yield positions actually but the growth has been fairly consistent. In fact they just announced another 10% dividend increase yesterday. To be honest, after the recent drop after the earning miss I believe the yield is in the mid 3% range. Not too shabby.

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  2. Roadmap2RetireFebruary 24, 2016 at 7:56 AM

    Interesting purchase. I am seeing a lot of interest in FLO from the DGI community..its a company that i am not familiar with. Maybe warrants a closer look.
    Thanks for sharing
    R2R

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  3. The Broke Dividend InvestorFebruary 25, 2016 at 4:51 PM

    hey captain. I guess we're on the same wavelength. Cheapest stock price since 2013 and PE this low since the recession in 2009. At the rate we're buying the next shareholder meeting will be composed of me and you and FLO's board. lol

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  4. UnknownFebruary 29, 2016 at 8:33 AM

    Thanks for the nudge. I meant to look at FLO last month when you wrote about it. It looks like a good stock with common household names. Well worth my investigative time.

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  5. Scott @ Two InvestingMarch 6, 2016 at 4:00 PM

    I remembered reading about FLO a year ago or so, but then it kind of fell off the radar. With this earnings miss, I might have to take another look at it. Thanks for the tip!

    Scott

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  6. UnknownAugust 31, 2016 at 9:43 PM

    Their customer service is unbeatable. I called from other city to Deliver Flowers to a friend. Their and her team were so helpful, and the flowers are cut the day you buy them. Lovely flowers and super service.

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