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High Liner Foods (HLF-T)

ON STOCKCHASE SINCE May 2010

Consumer Products

High Liner Foods
HLF-T

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What the experts are saying about HLF-T

Signal	Opinion	Expert
DON'T BUY	High Liner Foods(HLF-T) January 22, 2019 He sold it too late. They made a horrible acquisition in southeast Asia. A disaster that they haven't recovered from. Consumer Products 0 0 0 0 0 0 comments	He sold it too late. They made a horrible acquisition in southeast Asia. A disaster that they haven't recovered from. Consumer Products 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $7.400 Owned No

HOLD	High Liner Foods(HLF-T) January 3, 2019 Looks very cheap. Historically looking back to 1992 it has been this low only twice before in terms of Price to Book. Its balance sheet is OK. nice upside potential. The thing that overhangs the company is that the earning forecast is falling. Could be catching a falling knife. Put it away and wait for the next cycle. Consumer Products 0 0 0 0 0 0 comments	Looks very cheap. Historically looking back to 1992 it has been this low only twice before in terms of Price to Book. Its balance sheet is OK. nice upside potential. The thing that overhangs the company is that the earning forecast is falling. Could be catching a falling knife. Put it away and wait for the next cycle. Consumer Products 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $7.330 Owned Unknown
WATCH	High Liner Foods(HLF-T) December 24, 2018 He did well when he held it just before they started the dividend. He missed a lot of the major upside. It is back on the stock watch list. They pay a lovely dividend. But they have a fairly high debt load. He might buy it later on. Consumer Products 0 0 0 0 0 0 comments	He did well when he held it just before they started the dividend. He missed a lot of the major upside. It is back on the stock watch list. They pay a lovely dividend. But they have a fairly high debt load. He might buy it later on. Consumer Products 0 0 0 0 0 0 comments Benj Gallander President, Contra the Heard Inv... Price $6.600 Owned No
WATCH	High Liner Foods(HLF-T) October 22, 2018 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. Consumer Products 0 0 0 0 0 0 comments	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. Consumer Products 0 0 0 0 0 0 comments Benj Gallander President, Contra the Heard Inv... Price $8.490 Owned No
DON'T BUY	High Liner Foods(HLF-T) August 29, 2018 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. Consumer Products 1 0 0 0 0 0 comments	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. Consumer Products 1 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $7.960 Owned No
DON'T BUY	High Liner Foods(HLF-T) August 21, 2018 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. Consumer Products 0 0 0 0 0 0 comments	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. Consumer Products 0 0 0 0 0 0 comments Javed Mirza Technical , Canaccord Genuity ... Price $7.250 Owned Unknown
DON'T BUY	High Liner Foods(HLF-T) July 23, 2018 Historically this company has not had a great return on capital. Returns from reinvestments have never really come. Consumer Products 0 0 0 0 0 0 comments	Historically this company has not had a great return on capital. Returns from reinvestments have never really come. Consumer Products 0 0 0 0 0 0 comments Colin Stewart CEO & Port, JC Clark Investments... Price $9.410 Owned No
BUY	High Liner Foods(HLF-T) April 26, 2018 He decided to keep the name because the yield is safe and good. It is a touch business. They are doing value added food processing on many types of fish. Margins have been squeezed. He thinks this might be coming to an end. The shrimp farm in Asia looks like it is fixed. The company has value at some point. It is the kind of name that private equity tends to gravitate to. He thinks it should be trading higher, but it is not a momentum name. Consumer Products 0 0 0 0 0 0 comments	He decided to keep the name because the yield is safe and good. It is a touch business. They are doing value added food processing on many types of fish. Margins have been squeezed. He thinks this might be coming to an end. The shrimp farm in Asia looks like it is fixed. The company has value at some point. It is the kind of name that private equity tends to gravitate to. He thinks it should be trading higher, but it is not a momentum name. Consumer Products 0 0 0 0 0 0 comments Lyle Stein Sr. Portfo, Vestcap Investment M... Price $11.100 Owned Yes
BUY on WEAKNESS	High Liner Foods(HLF-T) April 18, 2018 He used to own this around $3 and sold it at $10. They recently had some contamination from one of their suppliers. The long-term CEO has stepped down to be the Board Chair. He would consider this if it went back below $10. It is a leader in the field. Consumer Products 0 0 0 0 0 0 comments	He used to own this around $3 and sold it at $10. They recently had some contamination from one of their suppliers. The long-term CEO has stepped down to be the Board Chair. He would consider this if it went back below $10. It is a leader in the field. Consumer Products 0 0 0 0 0 0 comments Benj Gallander President, Contra the Heard Inv... Price $11.290 Owned No
HOLD	High Liner Foods(HLF-T) April 2, 2018 It hit a low in 2016 and it looks like that level is being tested (near $10). Near term the trend was down and longer term it is testing a old low. It is in a precarious position. It could bounce up or not. As a new buyer he would not buy it because you don’t know it will hold the $10 line. If you hold it then continue. Consumer Products 0 0 0 0 0 0 comments	It hit a low in 2016 and it looks like that level is being tested (near $10). Near term the trend was down and longer term it is testing a old low. It is in a precarious position. It could bounce up or not. As a new buyer he would not buy it because you don’t know it will hold the $10 line. If you hold it then continue. Consumer Products 0 0 0 0 0 0 comments Keith Richards Portfolio , ValueTrend Wealth Ma... Price $11.290 Owned Unknown
DON'T BUY	High Liner Foods(HLF-T) March 27, 2018 He owned it previously and sold it at a good profit. He has come close to buying it back, but thankfully hasn’t (thankfully, because it keeps declining). This industry sells fish to retail and food service business. There was a hope that consumers would be eating more fish. Unfortunately, fish are priced in US dollars. As the dollar goes up, fish gets more expensive and demand goes down. Industry growth is not there. They have been making a lot of acquisitions and face the challenge of integrating the acquisitions into their system. Consumer Products 0 0 0 0 0 0 comments	He owned it previously and sold it at a good profit. He has come close to buying it back, but thankfully hasn’t (thankfully, because it keeps declining). This industry sells fish to retail and food service business. There was a hope that consumers would be eating more fish. Unfortunately, fish are priced in US dollars. As the dollar goes up, fish gets more expensive and demand goes down. Industry growth is not there. They have been making a lot of acquisitions and face the challenge of integrating the acquisitions into their system. Consumer Products 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $10.600 Owned No
DON'T BUY	High Liner Foods(HLF-T) March 21, 2018 He says the earnings expectations have been revised downwards my several analysts recently. Their last earnings report had a negative 14% surprise. Although the current P/E is reasonable the free cash flow rate is negative. The dividend looks defendable with a 51% payout ratio. Overall, it is the lack of growth hurting this one and he sees better opportunity elsewhere. Yield 5.4%. Consumer Products 0 0 0 0 0 0 comments	He says the earnings expectations have been revised downwards my several analysts recently. Their last earnings report had a negative 14% surprise. Although the current P/E is reasonable the free cash flow rate is negative. The dividend looks defendable with a 51% payout ratio. Overall, it is the lack of growth hurting this one and he sees better opportunity elsewhere. Yield 5.4%. Consumer Products 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $11.170 Owned No
WEAK BUY	High Liner Foods(HLF-T) February 13, 2018 Has had a terrible time lately with product recall and CEO replacement. Still owns it. A beaten-up stock. If they get their act together, stock could rise sharply in a short time. Not for the weak of heart though. Consumer Products 0 0 0 0 0 0 comments	Has had a terrible time lately with product recall and CEO replacement. Still owns it. A beaten-up stock. If they get their act together, stock could rise sharply in a short time. Not for the weak of heart though. Consumer Products 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $12.990 Owned Yes
BUY	High Liner Foods(HLF-T) January 4, 2018 There are a lot of moving parts. They made a major acquisition and were immediately faced with a recall. So they brought back the former CEO. They have put the product questions behind them. But the market has really lost confidence in the company. They are quite inexpensive. The price can be volatile because of liquidity. He would hold it and see how the returning CEO changes things. Consumer Products 0 0 0 0 0 0 comments	There are a lot of moving parts. They made a major acquisition and were immediately faced with a recall. So they brought back the former CEO. They have put the product questions behind them. But the market has really lost confidence in the company. They are quite inexpensive. The price can be volatile because of liquidity. He would hold it and see how the returning CEO changes things. Consumer Products 0 0 0 0 0 0 comments David Baskin President, Baskin Wealth Manage... Price $14.950 Owned Yes
COMMENT	High Liner Foods(HLF-T) November 27, 2017 This company doesn’t fish, it buys seafood and puts value added things to it. They sell to restaurants as well as to consumers. Their big business is selling to restaurants and to hospitality. They feel there is a big opportunity, especially as minimum wage is going up significantly and restaurants are facing increasing labour costs. Since they already have products that are easy to cook and bake, restaurants don’t need fancy chefs, and that’s where they feel they have the value. The stock price has been absolutely terrible, and he thinks a lot of the impact is unwarranted. The CEO who ran the company from 1992 to 2015, is now back, and is thinking 12 quarters ahead, not just 2 quarters. The market is punishing the company for things that happened 2 quarters ago, which was a recall of some of its products. There is a serious opportunity here for long-term investors. Dividend yield of 4.2%. Consumer Products 0 0 0 0 0 0 comments	This company doesn’t fish, it buys seafood and puts value added things to it. They sell to restaurants as well as to consumers. Their big business is selling to restaurants and to hospitality. They feel there is a big opportunity, especially as minimum wage is going up significantly and restaurants are facing increasing labour costs. Since they already have products that are easy to cook and bake, restaurants don’t need fancy chefs, and that’s where they feel they have the value. The stock price has been absolutely terrible, and he thinks a lot of the impact is unwarranted. The CEO who ran the company from 1992 to 2015, is now back, and is thinking 12 quarters ahead, not just 2 quarters. The market is punishing the company for things that happened 2 quarters ago, which was a recall of some of its products. There is a serious opportunity here for long-term investors. Dividend yield of 4.2%. Consumer Products 0 0 0 0 0 0 comments Barry Schwartz CIO & Port, Baskin Wealth Manage... Price $13.420 Owned Unknown

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