The Importance of Understanding the Balance Sheet

"We had to be honest with ourselves that the markets are relatively efficient and if that's the case the only way for us to create excess value is to find some market inefficiency and exploit it," he says. "It takes a lot of work to understand management team thinks about their optimal capital structure and how they think about using that over time" J&J Snack Foods, whose brands include IC and slush puppy said Luigi's also minute made, has been able to take advantage of an otherwise challenging time period.