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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Comment by ownediton Nov 15, 2017 8:27pm

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Post# 26972668

RE:RE:RE:RE:RE:RE:RE:Not as painful

OK. Sure. I see your point. Not crazy about EBITDA either. However that is irrelevent. It is an accepted number to measure debt against. But more importantly it is an internal metric used by the company. They have used it for years. Once the ratio drops below 4 they become acquirers.

But it ain't working. New acquisitions bandaid erosion of organic growth.

Now with CLR sinking they will likely give in to discounting to fight for market share & grow revenues. HLF will have to respond.

I have owned HLF a number of times. In the past I saw value. This time? Not yet.

Technically it seems to want to retest those lows in 2015. A successful retest may make a good entry point to collect the dividend and wait.

Watch the flyers. Seafood may be cheap for Christmas. If so, buy the seafood and sell HLF & CLR :)

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