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High Liner Foods Inc T.HLF

Alternate Symbol(s):  HLNFF

Consumer Defensive Packaged Foods
High Liner Foods Incorporated is a Canada-based processor and marketer of value-added frozen seafood. The Company produces a range of products from breaded and battered items to seafood entrees, that are sold to North American food retailers and foodservice distributors. In addition, it is a supplier of commodity products in the North American market. The retail channel includes grocery and club stores, and its products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Catch of the Day labels. The foodservice channel includes sales of seafood that is usually eaten outside the home and its branded products are sold through distributors to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood1 and FPI labels. The Company is also a supplier of private-label value-added frozen premium seafood products to North American food retailers and foodservice distributors.


TSX:HLF - Post by User

High Liner Foods Inc
Bullboard Posts
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Comment by themangokidon Nov 05, 2015 7:50am
112 Views
Post# 24260872

RE:HLF

RE:HLFscotia report:

- sequential material improvements in volume declines (-2.5% vs -9.6%), EBITDA margins (150 bps) and leverage (-0.3x)

- expect improvements to be sustained in Q4 and further improvement in 2016

- HLF maintained their 20-25 million cost savings run rate target exiting 2016

- trading at 5.9x 2016 p/e vs 15.4x for its peer group (HLF reports in US dollars)

new estimates: 2015 eps = $1.13; 2016 eps estimates = $1.47; price tarher lowered from $27 to $22 to reflect earnings growth being pushed out.
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still waiting for the CIBC report.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities