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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, the United States of America (USA), the International and Europe. The Canada Sector consists of the Dairy Division (Canada), which produces, markets and distributes in Canada a variety of cheeses, including mozzarella and cheddar, specialty cheeses, fine cheeses and other cheeses. The USA Sector consists of the Dairy Division (USA), which produces, markets and distributes an assortment of cheeses, including mozzarella, American-style and specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese and romano. The International Sector comprises the Dairy Division (Australia) and the Dairy Division (Argentina). The Europe Sector consists of the Dairy Division (UK), which produces, markets and distributes cheeses, butter, spreads and oils.


TSX:SAP - Post by User

Bullboard Posts
Post by scissors14on Jun 14, 2006 1:42am
410 Views
Post# 10986718

What the Analysts Say: Saputo Inc.

What the Analysts Say: Saputo Inc.What the Analysts Say: Saputo Inc. ------------------------------------------ Raymond James analyst Ron Ho continues to rate the shares of Saputo Inc. (TSX-SAP, $33.72) an outperform. However, he has raised his six- to 12-month target price to $37.50 from $36.00. Yesterday, Saputo released its financial results for the fiscal fourth quarter, ended March 31, 2006. EPS came in at $0.36 compared to $0.57 a year earlier and below the analyst's estimate of $0.43. Revenue increased more than six per cent, to $969.9 million, but came in below Mr. Ho's forecast of $1 billion. EBITDA* declined 17 per cent as a result of a lower U.S. "milk-cheese spread" (the difference between milk costs and cheese prices), higher input costs and a tax that impacted exports from its operations in Argentina. "Overall, we believe the worst of cyclical dairy pressure is over," the analyst says, "with the past two quarters paving the way for [improved] earnings and expanding margins in fiscal 2007S." However, he adds, the latter may not occur until the second half of fiscal 2007. Mr. Ho recommends Saputo "[f]or investors preferring stability over current volatile markets." Moreover, he says, investors can anticipate "a return to historic organic revenue and margin growth, while awaiting an acquisition-driven growth spurt." Saputo Inc. is a dairy processor and cheese producer. The company's products are offered under a range of brand names such as Saputo, Stella, Dairyland and Vachon. *EBITDA is earnings before interest, taxes, depreciation and amortization. (Click below for a profile of this week's stock.) https://www.adviceforinvestors.com/query_results.phtml?search_type=by_symbol&search_input=
Bullboard Posts