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

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Post by ownediton May 11, 2016 9:37am

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Post# 24861420

Why it was a Good Quarter

This was a good Quarter.

Their volumes are finally stabilizing at about 88-89 mil. pounds, and even with the terrible exchange rate they were able to squeeze out a deluted 0.44 EPS compared to .40 last year.

Remember last year the stock was trading at $24.00 and experienced at 5 million lbs drop in volumes in between Q1 2014 and Q1 2015.

With the Oil patch killing dividends, the dividend investor should be happy with another dividend increase.

They are moving the right direction and the drop in Debt is quite significant!

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