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Maple Leaf Foods Inc T.MFI

Alternate Symbol(s):  MLFNF

Consumer Defensive Packaged Foods
Maple Leaf Foods Inc. is a carbon neutral company. The Company's 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 operates through two segments: the Meat Protein Group and the Plant Protein Group. The Meat Protein Group segment is comprised of prepared meats, ready-to-cook and ready-to-serve meals, and value-added fresh pork and poultry products that are sold to retail, foodservice and industrial channels, and agricultural operations in pork and poultry. It includes brands such as Maple Leaf, Maple Leaf Prime, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., and many regional brands. The Plant Protein Group segment is comprised of refrigerated plant protein products, grain-based protein and vegan cheese products sold to retail, foodservice and industrial channels. The Plant Protein Group includes the brands Lightlife and Field Roast.


TSX:MFI - Post by User

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

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.
 

 


Puma1back wrote: Todays action was strange, up when the market was down; dropped like a rock as markets recovered????

 

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