TSE:HLF

High Liner Foods (HLF.TO)

14.40
-0.05 (0.35%)
as of Jun 4, 2026, 7:59:59 pm Market Open.
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Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

High Liner Foods (HLF) has recently seen a significant uptick in its stock price, reaching a multi-year high. This increase is attributed to the acquisition of Mrs. Paul's and Van de Kamp, which aligns with HLF's strategy to diversify its global supply chain. While there is a slight immediate negative impact on earnings of 1 cent, experts believe the long-term strategic benefits justify this. The acquisition is expected to add $75 million in sales to HLF's existing base of approximately $950 million. Currently, HLF's stock is trading at 8 times earnings, which many view as attractive, especially given the strong year-to-date performance of 18%. However, there are concerns regarding the company's high debt levels. Overall, the deal and the upward momentum are seen positively, making HLF a suitable investment for more aggressive investors, particularly in tax-advantaged accounts like a TFSA.

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Consensus
Positive
valuation icon
Valuation
Undervalued
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Similar
Cedar, CED-T
WAIT

A defensive, staples play, probably something you should not pursue. Struggling to get above 20 and 50 day moving averages, underperforming markets. Stay away from it. Look for it to improve in the summer time – a good place to hide then. He wants to see relative strength improve and break above 20 and 50 day moving averages.

BUY ON WEAKNESS

Clearwater Seafoods (CLR-T) or High Liner Foods (HLF-T)? Both have done quite well. Feels the trend is your friend on these stocks. Revenues are climbing and the margins are strong. Hard to buy a stock that has gone up like these but they are going to go higher. If you don’t own, wait for an opportunity to buy.

DON'T BUY

(Market Call Minute.) Has had a great run and is perhaps a little ahead of itself.

TOP PICK

Seafoods. Trading on a single digit PE ratio. 9.9X 2013 earnings. Has made some really good acquisitions, particularly the Icelandic one. Have expanded their brands quite dramatically and are now becoming big players. Undervalued.

TOP PICK

Fish food processing. Seems to have found the magic formula for acquisitions using debt. Debt is about 3X equity. Did a very big acquisition in Iceland with a hostile bid for a privately held company. This gives them a big part of the East Coast US. Won’t have top line growth but are putting on cash flows like you wouldn’t believe. Very good managers.

PAST TOP PICK

(Top Pick Nov 21/11, Up 100.27% Total Return) It was trading obscenely cheap. Made an amazing acquisition to get them exposure to the US. Still cheap today.

TOP PICK

Buying up more and more brands so really becoming a consumer marketing company and not one that has a huge amount of “risk on” for fish stocks etc. Some great acquisitions and a really wonderful story. Return on capital is excellent. Trading at only 8X earnings so it has lots of room to go.

TOP PICK

Not the kids’ fish stick company anymore. Now 70% in the US. In food services in hospitals, restaurants, etc. Seafood business is very fragmented and they want to be the leader through consolidation. Absurdly cheap at 8X earnings. Have raised the dividend 7 times since 2003. 2.2% dividend.

PAST TOP PICK

(A Top Pick Aug 11/11. Up 28.54%.) Pays a dividend of $.40 a share. Have made a terrific acquisition by getting assets from Icelandic Group giving them an entrée into the US, retail, grocery and food service. Took on a lot of debt but are already paying it down. Trading at 8X earnings so is still very cheap

TOP PICK
With the recent acquisition of an Icelandic group, it is now the largest value added frozen seafood company in North America. Thinks the acquisition will grow earnings to over $2 next year. Raised its dividends 7 times in the last 3 years. Trading at a low valuation.
TOP PICK
Premier Canadian frozen seafood company. Raised its dividends a number of times over the past 3 years. Terrific balance sheet and growing earnings and a cheap valuation.
DON'T BUY
Longest holding he ever had – 17 years, and he didn’t even get a double on it. Then after he sold it it went way up. Now they want to keep increasing the dividend. It came off recently because they are looking at an acquisition. He loves dividends but this is not a stock where he is going to do it.
BUY
Excellent company based in Halifax with primary products of shrimp and salmon. Recent earnings were fairly good. In the short run, prices and costs have kicked up a little bit but they do have inventory.
BUY
Market/package frozen fish. Terrific balance sheet. Just bought back stock. Terrific cash flow generator. Increased dividend 3 times in the last 12 months. 3% dividend. Sensitive to Cdn$ so the higher it goes, the better since most of their fish is in US$’s. Oil spill has little effect on them.
COMMENT
Held this one in his portfolio for 17 years and sold it earlier this year. Seems to be a dividend Corporation now, which will help support them.
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