Yet Another Value Podcast

HSP Capital's Harris Perlman unpacks vegetable canner, Seneca Foods $SENEA


Listen Later

Harris Perlman, Principal at HSP Capital, joins the podcast to discuss his thesis on Seneca Foods Corporation (NASDAQ: SENEA), one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. (Note Harris' audio is not the greatest on this, but we did our best to adjust where we could.)

Harris' write-up: https://drive.google.com/file/d/1wAm1w3eEZCHCfY-e1Lzu0gvyGW7uN4KL/view

Chapters:

[0:00] Introduction + Episode sponsor: Stream by Alphasense

[1:46] Overview of Seneca Foods $SENEA and why its interesting

[6:22] Asset value / LIFO accounting

[14:24] Why $SENEA isn't the ultra-commodity terrible business most people associate with canned vegetables?

[22:36] Canned vegetables industry

[24:46] $SENEA corporate history and background

[31:38] What happened with $SENEA from 2021-2023, specifically with inflation

[36:16] $SENEA understanding downside risks, specifically regarding insider control, governance, debt

[44:12] Investing in capital expenditures - expand Del Monte capacity

[46:48] How Harris thinks $SENEA thesis will play out

[48:41] Private label trend

[53:37] $SENEA competitive analysis

[57:09] Recent $SENEA financial performance

[1:00:40] Final thoughts on $SENEA

Today's episode is sponsored by: Alphasense

This episode is brought to you by AlphaSense, the AI platform behind the world's biggest investment decisions. The right financial intelligence platform can make or break your quarter. AlphaSense is the #1 rated financial research solution by G2. With AI search technology and a library of premium content, you can stay ahead of key macroeconomic trends and accelerate your investment research efforts. AI capabilities, like Smart Synonyms and Sentiment Analysis, provide even deeper industry and company analysis. AlphaSense gives you the tools you need to provide better analysis for you and your clients. As a Yet Another Value Podcast listener, visit alpha-sense.com/fs today to beat FOMO and move faster than the market.

...more
View all episodesView all episodes
Download on the App Store

Yet Another Value PodcastBy Andrew Walker

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

101 ratings


More shows like Yet Another Value Podcast

View all
We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,371 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

932 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

793 Listeners

Focused Compounding by Andrew Kuhn and Geoff Gannon

Focused Compounding

272 Listeners

Chit Chat Stocks by Chit Chat Stocks

Chit Chat Stocks

195 Listeners

The Acquirers Podcast by Tobias Carlisle

The Acquirers Podcast

302 Listeners

Value Investing with Legends by Columbia Business School

Value Investing with Legends

197 Listeners

Excess Returns by Excess Returns

Excess Returns

77 Listeners

Value Hive Podcast by Brandon Beylo

Value Hive Podcast

91 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

409 Listeners

The Business Brew by Bill Brewster

The Business Brew

251 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

341 Listeners

Behind the Balance Sheet by Stephen Clapham's Podcast on Value Investing | Stockmarket Analysis | Equities

Behind the Balance Sheet

44 Listeners

Forward Guidance by Blockworks

Forward Guidance

271 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

132 Listeners