High Liner Foods Inc T.HLF

Alternate Symbol(s): HLNFF

Consumer Defensive Packaged Foods

High Liner Foods Incorporated is a Canada-based North American processor and marketer of value-added frozen seafood. It produces a range of products from breaded and battered items to seafood entrees, that are sold to North American food retailers and foodservice distributors. Its retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in grocery and club stores. It also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels. Its markets include acute care, casual dining, college & university, long term care, quick service restaurant and retirement. It is a supplier of private label value-added seafood products to North American food retailers and foodservice distributors. Its specialty products in United States and Canada include Atlantic Salmon, Fire Roasters, Pan Sear, Prepared Shrimp, and Upper Crust.

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High Liner Foods Inc

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Post by Possibleidiot01on Mar 28, 2024 3:26pm

242 Views

Post# 35958795

Stephen Takacsy - BNN - PAST TOP PICK

PAST TOP PICK

(A Top Pick Mar 27/23, Down 7%)

#1 supplier to retail channel in Canada, and #1 in US to food services. Sells under own name and private label. Seafood consumption low in NA, huge potential for growth. Revenue growth stalled with consumers cutting back on higher-priced items. In rally mode again. Huge free cashflow, buying back lots of shares, increased divvie by 30%, paying down debt. Dirt cheap at 8x PE. Insiders own 40%. Feels it will be sold down the road.

Consumer Products

$13.540