Opinions
Douglas Kee
Maple Leaf Foods
MFI-T
HOLD
Jan 05, 2017
$27.720
Stock price when the opinion was issued
food processing
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BUY
A solid long term hold. You might need to have patience, as they are investing their cashflow into plant based alternative foods that have good long term potential. However, short-term it does not lead to the profitability investors are looking for. Long term dynamics look good once they realize their investment benefits. A defensive stock since people need to eat regardless of the pandemic.
food processing
BUY ON WEAKNESS
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock has shown some weakness recently, but there has been no negative news. The stock is still up year to date and ahead of the tsx average. Unlock Premium - Try 5i Free
food processing
PAST TOP PICK
(A Top Pick Mar 17/20, Down 6%) Plant-based area has earned a lot of attention. Unfairly penalized for the slower ramp up of meat alternatives. Trades at only 7x EBITDA, without the plant-based component. If the plant-based sector was spun out, share price would easily be over $40. Be patient, a ton of value, core business is strong.
food processing
TOP PICK
It is the leading protein company in Canada. It is spinning out the bacon division which should increase the profit margins. Chicken sales are picking up. Free cash flow per share is up over 100%. Its free cash flow/capital is 8 times greater than the typical TSX stock. Its P/E for 2025 is 17.
Buy 6 Hold 1 Sell 0
food processing
Money is flowing out of consumer related areas, and into the more cyclical areas of the market. Their earnings came out and they were quite good. They are building a large cash position and buying back stock, so are doing all the right things.