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 > Robert Gill -BNN - TOP PICK

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Post by Possibleidiot01 on Aug 02, 2023 2:29pm

Robert Gill -BNN - TOP PICK

TOP PICK

International. Missed earnings, and provided cautious outlook. High quality. Good management team with high level of ownership. Attractive multiple. Lots to like for the long term. Yield is 2.61%.

(Analysts’ price target is $35.57)

food processing

$27.420

Owned

Saputo (SAP TSX)

Last purchase: $28.14.

Saputo is Canada’s largest dairy manufacturer and distributor. It is number three in the U.S. and number 10 globally. SAP manufactures and markets cheese, butter, spreads, milk and other dairy products which they sell in over 60 countries worldwide. Shares sold off recently due to quarterly results falling short of estimates. The inflation issues that the company is facing are temporary and shares should eventually rebound. This is a good entry point at 15 times earnings and a 2.6 per cent dividend yield.

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