Seneca Foods: Solid Cash Flow at a Tasty Multiple — A Mid-Term Long Trade
Seneca Foods (SENEA) is a cash-generative packaged-fruit-and-vegetable company trading near its 52-week high after a strong run. At a market cap of roughly $1.14B and free cash flow of $168.5M, the stock looks reasonably valued (PE ~11.5, EV/EBITDA ~7.4). This trade targets continued multiple expansion and frozen-segment recovery over the next 45 t…