Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of B&G Foods
So what: Sales grew 6.9% to $129.4 million, and new income exploded 48.3% higher to $12.6 million in the second quarter. Revenue was in line with expectations, and earnings per share of $0.26 actually beat expectations by a penny.
Now what: Doesn’t seem like a big reason to sell, but plenty of sellers hit the market in the first hour of trading today. Since then, shares have climbed slightly. It may have been a case of overblown expectations on a stock that has risen significantly recently. There's no reason for long-term investors to panic, but this does provide a nice entry point for investors looking to build a position.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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