High Liner Foods | StockChase
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High Liner Foods (HLF-T)

Last Price Recorded: $13.9600 on 2017-11-17

ON STOCKCHASE SINCE May 2010

Consumer Products

High Liner Foods


Signal Opinion Expert

2017-11-14

COMMENT
High Liner Foods (HLF-T)

This has not been one of his great, shining picks in the last 2 years. He made a fortune on the stock in the early part of the decade. Unfortunately, they took part of it back. Poor execution on a recent acquisition of a shrimp company in south east Asia, and they had some product recalls that really hammered earnings. Their 4th quarter was better. He hasn’t given up on this yet.

Consumer Products
David Baskin

President, Baskin Wealth Management

Price: $13.310
Owned: Yes

2017-10-30

DON'T BUY
High Liner Foods (HLF-T)

Long-term, it has a nice trend. There is quite a nice base in 2000-2011, and then we had a big break out in 2011. The fact that it has come back down so much, to him it would be too much of a volatile stock. The risk/reward is reasonable right here. If it broke much below $14, it is going to hit $10 pretty fast. The kind of name he would want to avoid for the next 6 months.

Consumer Products
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $14.380
Owned: No

2017-10-16

COMMENT
High Liner Foods (HLF-T)

The chart has been ugly. In the last 2 quarters, they’ve been hurt by plant inefficiencies and a recall on a number of products. The good news is that the past president is back. He grew the company when it was a $100 million sales company to a billion-dollar sales company. If they get some of those issues right, you could see a meaningful upside in the company. Valuation is very cheap. There are rumours the company is interested in getting into canned fish as well, which would be a natural fit. Has a wonderful distribution network and a wonderful group of clients.

Consumer Products
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $14.190
Owned: Yes

2017-08-29

COMMENT
High Liner Foods (HLF-T)

Has been suffering in the last year or so. Got rid of their CEO. Made an acquisition to try to diversify their assets away from battered breaded products. It is going to take some time to work its way through. Valuation is extraordinarily cheap if they get it right. The market has been concerned about declining sales. There have been inefficiencies in their operations. They also had a big product recall. It has not been a good situation. They’ve guided for organic sales growth in the 2nd half of the year, as well as organic earnings growth. Trading at 8X next year’s earnings. If things improve and operations improve, you could easily see it double.

Consumer Products
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $14.090
Owned: Yes

2017-08-21

DON'T BUY
High Liner Foods (HLF-T)

It looks good based on a PE ratio, but they had a CEO leave and earnings went down.  There was uncertainty as why he left so he would be careful. 

Consumer Products
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $14.020
Owned: Unknown

2017-08-15

COMMENT
High Liner Foods (HLF-T)

They restructured and got rid of their fleets, and went into processing fish foods. It did extremely well. There was some publicity lately and he feels it is in a bit of a struggle. Just appointed a new CEO.

Consumer Products
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $14.500
Owned: No

2017-04-17

BUY
High Liner Foods (HLF-T)

They were selling breaded fish as their main product and tastes are changing.  In the past few months they have come out with a bunch of new products that aren’t breaded.  It is the cheapest food processor in the world.  The multiple does not make any sense to him.  Long term, people will still be consuming more fish and seafood.  They are doing a good job of paying down their debt.

Consumer Products
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $18.090
Owned: Unknown

2017-03-22

BUY on WEAKNESS
High Liner Foods (HLF-T)

A well-managed company. It is unique, but over the last few years seafood sales in the US have struggled. It seems that when the US$ goes up, the price of seafood goes up also. Consumption per capita doesn’t seem to be going up in the US on seafood, even though it is healthier. Thinks it is going to tread water for a while. Not expensive, but quite volatile. You may want to buy when it has a bad quarter.

Consumer Products
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $17.840
Owned: No

2017-03-20

PAST TOP PICK
High Liner Foods (HLF-T)

(A Top Pick March 31/16. Up 23%.) They’ve had a couple of disappointing quarters as their growth projections didn’t quite come to fruition. Dividend yield of 3.1%.

Consumer Products
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $17.780
Owned: Yes

2017-02-24

DON'T BUY
High Liner Foods (HLF-T)

Results were rather disappointing. Their products are not appealing to the health-conscious any more. He would avoid at this time.

Consumer Products
Bill Shaw

Partner & Portfolio Manager, Exponent Investment Management

Price: $17.540
Owned: No

2017-02-02

PAST TOP PICK
High Liner Foods (HLF-T)

(Top Pick Mar 31/16, Up 30.78%) They had disappointing earnings in November, but he bought it right.  He got the upside and still owns it.  It is a way to play the demand for protein. 

Consumer Products
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $19.210
Owned: Yes

2017-01-06

COMMENT
High Liner Foods (HLF-T)

High Liner (HLF-T) or Clearwater (CLR-T)? Sold his holdings on this about 3 months ago. Both stocks have had about a 22%-25% haircut in the last 90 days. Both are free cash flow generators, 8.2% for Clearwater and 6.1% for this one. There is $55 million of free cash flow for Clearwater, about 50% more in absolute dollars than on this one. ROE is about the same. The big difference in the coming year, is on the ROE, where it is forecasted to be 21% for this company. In comparison, Clearwater appears to be better value with better growth prospects.

Consumer Products
Robert McWhirter

President, Selective Asset Management

Price: $19.160
Owned: No

2017-01-04

COMMENT
High Liner Foods (HLF-T)

This is a stock that got absolutely killed in 2015, and had a tremendous resurgence last year. In general, he likes the protein stocks. This is inexpensive, and still has an acquisition strategy which it is trying to play out. Good company.

Consumer Products
David Baskin

President, Baskin Wealth Management

Price: $19.310
Owned: Unknown

2016-12-20

BUY
High Liner Foods (HLF-T)

(Market Call Minute.) Even though the price has come off a lot, it has still been a good performer this year. He thinks there are better times ahead. The balance sheet is improving.

Consumer Products
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $19.920
Owned: Unknown

2016-09-22

PARTIAL SELL
High Liner Foods (HLF-T)

There is volatility in this sector.  It is because of the rising US dollar.  Volumes went down.  Take some profits if you are up.

Consumer Products
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $25.290
Owned: No

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