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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
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Comment by McRambuson Jul 19, 2018 9:08am
101 Views
Post# 28337438

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sales increase

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sales increase
mikebarq wrote:
whodathunkit wrote:
McRambus wrote: Talk about chasing the price. Another laggard analyst. Anyway, this stock is a disaster. Down 6 days in a row and hitting new lows from 6 years ago.


The question becomes, is this getting near a bottom or is this a slow and steady death spiral?  I'm not sure which.  I bought some a little while back thinking it was oversold but the company has yet to start to show any sense of turning itself around.  So, throw good money after bad or bite the bullet and take the hit?

Cheers.


I just added below $10 but am asking myself the exact same question..... is this a death sprial, do I cut my loses?  One of my worst stocks over the last year and a half.  Totally disappointing.  If it wasn't for the dividend I'd be out.




I'm also in the same boat as both of you. Not sure what to do. Sales did increase and the company is still profitable albeit slightly less so I don't see any death spiral. Payout ratio is under 50%. I also believe the company should benefit the from the tax cuts for the US operations. The strong USD isn't helping. Still doesn't explain the endless slide, CLR has stabalized and is off the bottom while we drop lower daily. 
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