Bullboard - Stock Discussion Forum Saputo Inc T.SAP

Alternate Symbol(s): SAPIF

Saputo Inc. produces, markets, and distributes an array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. It has four geographic sectors, including Canada, United States of America (USA), International and Europe. The Canada Sector consists of the Dairy Division (Canada), which produces, markets and... see more

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TSX:SAP - Post Discussion

Saputo Inc > Buy Saputo going into earnings for a 10% to 20% gain.

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Post by mariorizzi on Jun 06, 2022 3:42pm

Buy Saputo going into earnings for a 10% to 20% gain.

The stock will jump on earnings. Management will put a positive spin on things, and on many accounts it looks like the worst is behind them.

Cheese sales have been strong. Margins are getting the squeeze, but price hikes have been able to offset a lot of that.

Also, this stock is back to 2013 levels. All of the bad news has been baked into the stock price. On any whiff of good news, the stock will go to $30 or $32 just on short covering and upgrades.

Management wants a stronger stock because it helps with buying other companies and this is how Saputo has grown traditionally.

Summary: Yeah, the biz is tough, but the stock is also at a low not seen since 2013. The bad news is baked in and any good news will cause a jump (might be temporary, but still). I see this 10% to 20% higher within a couple of weeks.

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