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High Liner Foods (HLF-T) is considered a top supplier to the retail channel in Canada and the food services in the US. The company sells its products under its own name and private label. Despite seafood consumption being low in North America, there is potential for significant growth. Although revenue growth has stalled due to consumer cutbacks on higher-priced items, the company is in rally mode again. With huge free cash flow, share buybacks, increased dividends, and debt payments, the company is considered to be undervalued at 8x PE. Insiders own 40% and there is a feeling it will be sold down the road.
The company is 120 years old and is the leading brand in North America in frozen value added seafood, number 1 in the Canadian retail segment and number 1 in the U.S. food services segment. Eating fish is considered a healthy alternative to eating meats and although Americans are not big fish eaters, there is good growth potential as attitudes may change. It is paying down debt as well as increasing the dividend by 30% and it recently reported record results. Trades at 7X earnings and insiders own 40%, almost unheard of.
He would not double down on it because we are in tax loss season. There could be some tax loss selling in November/December. It has fairly high debt. It now pays a dividend but did not do so when he owned it. They are a leader in the field and know what they are doing. They could do well in time.
He held it for 10 years and did very well, but then he unloaded it entirely, starting in February. He didn't see a recovery in its last quarter and sold his remaining shares. Highliner made a distrastrous acqusition and suffered a brutal recall.
Doesn't see a recovery anytime soon.
Had a strong uptrend since 2016 and since then a series of lower lows and highs. Not great. It's now at the bottom of a lower trend.
Historically this company has not had a great return on capital. Returns from reinvestments have never really come.
High Liner Foods is a Canadian stock, trading under the symbol HLF-T on the Toronto Stock Exchange (HLF-CT). It is usually referred to as TSX:HLF or HLF-T
In the last year, 1 stock analyst published opinions about HLF-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for High Liner Foods.
High Liner Foods was recommended as a Top Pick by on . Read the latest stock experts ratings for High Liner Foods.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered High Liner Foods In the last year. It is a trending stock that is worth watching.
On 2024-04-26, High Liner Foods (HLF-T) stock closed at a price of $13.28.
#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.