RE:Company share price undervaluedBotero789 wrote: It's baffling why the share price is so low on this company - they have an excellent strategy they are a carbon neutral company they have many efficiencies and new prospects upcoming. They have increased margins on meat and a stabilizing non-meat protein category, And the Covid related productivity and absenteeism problems are behind them. but yet they get no respect - maybe it will become a takeover target because it's significantly undervalued. You just have to look at the consolidated analyst target price estimates anywhere from $38-$40 a share and it can't get over $30. Some analysts are suggesting even more upside in the $50 price range. Maybe in next couple quarters it will finally receive more attention and a realistic share price. Otherwise I hope it becomes a takeover target.
Market is in a correction state of being approximately 20% YTD. I previously bought mid 20s sold at around 31 within a year and plan at some point around or below that price point to buy back.
Market does not like plant based what so ever and the margins as well as growth prospects are in the markets views a write off. The assets have value but the analysts targets are pricing in prices that could only happen with a buyout when realistically McCain owns enough shares to make that a near impossibility.
I have always thought plant based was a negative and looking at the last year of results it continues to not impress. Combined with management saying their plan was to keep those assets.
Have to take some of the analysts with a grain of salt. TDs actions list in the recent years has included such winners like Corus (only gone down) and Kew Media (went bankrupt within a year). The RBC analyst on MFI is probably 20% or more higher than any other analyst on all their stocks.
Look no further than renewables spiking and the subsequent crash from 2020 fall onwards. Valuation, growth and profitability. Look at beyond meat, at some point people notice lack of profitability.
Hopefuly MFI does well but they consistently either blow or blowout earnings, I am on the sidelines for now.