Maple Leaf Foods Inc T.MFI

Alternate Symbol(s): MLFNF

Consumer Defensive Packaged Foods

Maple Leaf Foods Inc. is a carbon neutral company. Its portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, value-added fresh pork and poultry, and plant protein products. It produces food products under brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, Field Roast and others. Its featured Schneiders products include Schneiders Red Hots Original Wieners; Schneiders Smoked Maple Ham; Schneiders Thick Cut Hickory Smoked Bacon; Schneiders Deli Best Hardwood Smoked Olde Fashioned Ham, and others. Its featured Greenfield Natural Meat Co. products include Greenfield Natural Meat Co. Bacon; Greenfield Natural Meat Co. Breakfast Sausage Rounds; Greenfield Natural Meat Co. Baked Honey Ham; Greenfield Natural Meat Co. Natural Pepperoni Pizza Lunch Kit, and others. It does business in Canada, the United States and Asia.

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Maple Leaf Foods Inc > MANY , MANY ANALYSTS - all down

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Comment by Puma1backon Apr 13, 2024 10:14am

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Post# 35987384

RE:RE:RE:MANY , MANY ANALYSTS - all down

don't see any news of significance out there to explain the drop , though it was following the market for a while then bucked the trend to close green.

BMO came out with a positive short preview of upcoming Q , so nothing there to explain the drop.

the stock spent the month to date climbing back from the Q 1 knockdown and overall resumption of upward channel from February drop.

I think the trigger was that on the 9th & the 10th the stock broke through the 50 dma and that set off program trading to test it holding above that point. But the swoon dive in the markets added to program selling wiped out the full month to date work up.

if BMO is correct with their thoughts on the turn of the pork markets than we could see this new upwards channel continue which would take us through the 50 dma.