BNET Industries
Market Cap:$81.5M
Last Fiscal Year Sales:$120.9M
- Public
- US
Dow Jones Description
Bridgford Foods Corporation, a California corporation (collectively with its subsidiaries, the Company, we or our), was organized in 1952. The Company originally began its operations in 1932 as a retail meat market in San Diego, California, and evolved into a meat wholesaler for hotels and restaurants, a distributor of frozen food products, a processor and packer of meat and a manufacturer and distributor of frozen food products for sale on a retail and wholesale basis. For more than the past five years, the Company and its subsidiaries have been primarily engaged in the manufacturing, marketing and distribution of an extensive line of frozen, refrigerated and snack food products throughout the United States. The Company has not been involved in any bankruptcy, receivership or similar proceedings, nor has it been party to any merger, acquisition, etc. or acquired or disposed of any material amounts of assets during the past five years. Substantially all of the assets of the Company have been acquired in the ordinary course of business. The Company had no significant change in the type of products produced or distributed, nor in the markets or methods of distribution since the beginning of the fiscal year.
President, Bridgford Foods, California
Bruce BridgfordNumber of Employees 613
Peer Companies
NAICS Code Rendering and Meat Byproduct Processing: 311613
News & Analysis
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bridgford foods corp. - All News and Analysis
Bridgford Foods: A Diamond in the Rough
Mark Krieger submits: Bridgford Foods BRID delivered solid second quarter results when it recorded sales of $25.6 million (a 2.9% increase) and earnings of 11 cents versus an 8 cent loss. The results were released after Monday’s market close in a 10Q filing (there was no press...
Bridgford Foods Shares Continue to Skyrocket
Mark Krieger submits: It has been a beautiful thing, being long the market this past month, but even more beautiful is being lucky enough to have [[BRID]] as part of your portfolio. While the Dow has jolted more than 23%, the snack food maker has darn near doubled on a...
Bridgford Foods Annual Shareholders Meeting: Business Continues to Grow
Mark Krieger submits: I just returned from Bridgford Foods' BRID annual shareholders meeting and I thought I might record a few observations. After the company read through its standard boiler plate parliamentary procedures, it was time to move on to the nitty gritty: questions and comments, lunch and...
Bridgford Foods: The Dough Finally Rises
Mark Krieger submits: Shareholders may soon see their wallets get fatter. [[BRID]] reported spectacular first quarter earnings that blew away even the most optimistic expectations. The company reported earnings of 16 cents versus a 3 cent loss. Sales were up about 1% to $31.5 million. ...
Bridgford Foods: The Mother of all Short Squeezes
Mark Krieger submits: Bridgford Foods BRID, a mundane producer of meat and bread products, is apparently the record holder, for the highest short interest ratio ever recorded. A stock’s short interest ratio is calculated by taking its shares sold short and dividing it by its average daily trading volume....
Bridgford Foods: Priced to Sell
Mark Krieger submits: You might have to have a cast iron stomach to handle what Bridgford Foods BRID has dished out lately, and it isn’t the case of some bad salami prompting a sprint to the reading room, but something far worse - a giant hit to the...
Bridgford Foods Squeaks By With a Passing Grade
Mark Krieger submits: Snack food and frozen bread dough purveyor Bridgford Foods BRID executed its Fiscal year 2008 report card, capped by the filing of its form 10-K on 1/29. One notable bright spot: BRID was able to produce fourth quarter revenues which exceeded expectations, ...
Bridgford Foods: Expecting Dismal 4Q, But Relief Is Coming
Mark Krieger submits: Bridgford Foods BRID is expected to report fourth quarter results on January 27th, when it files its "form 8-K" with the SEC. The company's expectations have been ratcheted down significantly due to the current dismal economic climate, and the share price probably reflects the market's dire...
Bridgford Foods: Playing the Waiting Game
Mark Krieger submits: Bridgford Foods BRID is currently in its "quiet period". This precludes the company from buying back any of its own shares, among other things. The snack food processor must be "chomping at the bit" to acquire additional shares at these "giveaway prices", especially in relation to the...
Bridgford Foods: Collapse Defies Logic
Mark Krieger submits: I admit, I have repeatedly promoted the merits of owning Bridgford Food BRID shares, and my constant rantings have probably sounded like a broken record. The story so far has not had a happy ending. The truth is, owning shares of BRID has been more of a...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bruce Bridgford | President, Bridgford Foods, California |
| John V. Simmons | President |
| Robert E. Schulze | President |
| Raymond F. Lancy | Chief Financial Officer, Executive Vice President, Treasurer and Member |
| Daniel R. Yost | Senior Vice President, Frozen Foods Division |
| Chris Cole | Vice President |
| Cindy Cole | Vice President |
| Hugh Wm Bridgford | Vice President |
| Cindy Matthews | Assistant Secretary |
| D. Gregory Scott | Certified Public Accountant |
| Todd Andrews | Certified Public Accountant |
| William L. Bridgford | Principal Executive Officer |
| Cindy M Matthews-Morales | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Hugh Wm | Vice President and Chairman |
| Allan L. Bridgford | Senior Chairman of the Board |
| Gregory D. Scott | Board of Directors |
| Paul R. Zippwald | Board of Directors |
| Richard A Foster | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | President, Bridgford Foods, California | Current |
| Bridgford Foods Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | President | Current |
| Bridgford Foods Corporation | Vice President | Current |
| Bridgford Foods Corporation | Board of Directors | Current |
Robert E. Schulze previously served the Company in several capacities over more than five years including President, Executive Vice President, Principal Financial Officer, Secretary and Treasurer. Mr. Schulze retired as an employee effective as of June 30, 2004.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | President | Current |
| Bridgford Foods Corporation | Director, Audit Committee and Compensation Committee Chairman | Current |
| Bridgford Foods Corporation | Board of Directors | Former |
Raymond F. Lancy, age 55, has served as Treasurer of the Company for more than the past five years. He was elected Executive Officer in 2001 and Chief Financial Officer in 2003.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Chief Financial Officer, Executive Vice President, Treasurer and Member | Current |
| Bridgford Distributing Co. | CFO | Current |
| Bridgford Foods Corporation | Board of Directors | Current |
| Bridgford Distributing Co. | Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Senior Vice President, Frozen Foods Division | Current |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Vice President and Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Vice President | Current |
| Bridgford Foods Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Assistant Secretary | Current |
| Bridgford Foods Corporation | Secretary | Current |
D. Gregory Scott is a Certified Public Accountant and currently serves as the Managing Director of Peak Holdings, LLC, an investment management company, based in Beverly Hills. Mr. Scott has been with Peak Holdings, LLC for more than the past five years. Peak Holdings and its affiliates own and manage in excess of 3 million square feet of office, retail and warehouse space throughout the United States.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Certified Public Accountant | Current |
| Bridgford Foods Corporation | Board of Directors | Current |
Todd C. Andrews is a Certified Public Accountant and currently serves as Vice President and Controller of Public Storage, Inc. headquartered in Glendale, California. Mr. Andrews has been with Public Storage, Inc. for more than the past five years. Mr. Andrews, a resident of Valencia, California, is a graduate of California State University, Northridge.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Certified Public Accountant | Current |
| Bridgford Foods Corporation | Board of Directors | Current |
| Public Storage, Inc. | Vice President & Controller | Former |
| California State University | Former |
William L. Bridgford was elected Chairman of the Board of Directors in March of 2006 and President of the Company in June of 2004. He previously served as Secretary of the Company for more than five years. Mr. Bridgford has been a full-time employee of the Company since 1981.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Principal Executive Officer | Current |
| Bridgford Foods Corporation | Chairman of the Board and Principal Executive Officer | Current |
| Bridgford Foods Corporation | President & Secretary | Former |
Allan L. Bridgford was elected Senior Chairman of the Board in March of 2006. He previously as Chairman of the Company for more than five years and has been a full-time employee of the Company since 1957. Mr. Bridgford has served as a member of the Executive Committee since 1972. Allan L. Bridgford reduced his work schedule to 80% in March of 2000 and 60% in March of 2005. Mr. Bridgford’s base compensation was reduced as a result of this reduced work schedule.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Senior Chairman of the Board | Current |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Board of Directors | Current |
Paul R. Zippwald was Regional Vice President and Head of Commercial Banking for Bank of America NT&SA, North Orange County, California, for more than five years prior to his retirement in July 1992. Mr. Zippwald is currently retired.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Board of Directors | Current |
Richard A. Foster was President of Interstate Electronics Corporation, a wholly owned subsidiary of Figgie International, Inc., from 1979 until his retirement in 1991. Mr. Foster also served as Vice President of Figgie International, Inc. from 1986 to 1991.
| Organization | Position | Status |
|---|---|---|
| Bridgford Foods Corporation | Board of Directors | Current |
| Interstate Electronics Incorporated | President | Former |
| Figgie International | Vice President | Former |
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