Bullboard - Stock Discussion Forum High Liner Foods Inc HLNFF

Primary Symbol: T.HLF

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... see more

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High Liner Foods Inc > Stephen Takacsy - BNN - TOP PICK

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Post by Possibleidiot01 on Mar 27, 2023 2:49pm

Stephen Takacsy - BNN - TOP PICK

HIGH LINER FOODS (HLF TSX)

High Liner is a 120-year-old company that’s one of North America’s leading brands and processors of frozen value-added seafood to both food retailers and the food service sector. High Liner is the number one value-added player in Canada in the retail sector and the number one supplier in the U.S. in the food service sector. The industry is benefiting from healthier eating habits as more consumers add seafood to their diets, although per capita consumption in the U.S. is still very low.

Sales and EBITDA have been growing steadily over the past few years, and the company recently announced record sales and profits. It also just raised its dividend by 30 per cent (yields 3.5 per cent) which is a strong vote of confidence in the future. It expects to grow sales and EBITDA again in 2023 and generate significant free cash flow to pay down debt. Insiders own 40 per cent of the company, so have plenty of skin in the game. The stock is dirt cheap trading at around 7X earnings.

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435