You only need to know one thing about 2022 and how it affected B&G Foods (NYSE: BGS) to understand how bad a year it was. The company cut its dividend. This is a step that most companies want to avoid because it sends a terrible message to investors. It's little wonder the stock is down some 45% over the past year. Still, there are some positives to consider. Let's see what they are.

The foodmaking industry is a hard business to break into, because it's dominated by large companies with established brands. Given the size and brand recognition of the industry's leaders, they have the financial wherewithal and clout to invest in innovation, advertising, and distribution that smaller peers lack. So B&G Foods hasn't tried to compete directly. Instead, it has chosen to be more of a partner to the big guys.

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Source Fool.com