High Liner Foods | StockChase
82
High Liner Foods (HLF-T)

Last Price Recorded: $14.1700 on 2018-01-17

ON STOCKCHASE SINCE May 2010

Consumer Products
82
High Liner Foods (HLF-T)

Last Price Recorded: $14.1700 on 2018-01-17

ON STOCKCHASE SINCE May 2010

Consumer Products

High Liner Foods


Signal Opinion Expert
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

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
David Baskin

President, Baskin Wealth Manage...

PricePrice
$14.950
Owned 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

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
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$13.420
Owned Owned
Unknown

COMMENT
High Liner Foods(HLF-T) 

November 14, 2017

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

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 Manage...

PricePrice
$13.310
Owned Owned
Yes

DON'T BUY
High Liner Foods(HLF-T) 

October 30, 2017

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

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....

PricePrice
$14.380
Owned Owned
No

COMMENT
High Liner Foods(HLF-T) 

October 16, 2017

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

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 Manage...

PricePrice
$14.190
Owned Owned
Yes

COMMENT
High Liner Foods(HLF-T) 

August 29, 2017

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

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 Manage...

PricePrice
$14.090
Owned Owned
Yes

DON'T BUY
High Liner Foods(HLF-T) 

August 21, 2017

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

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...

PricePrice
$14.020
Owned Owned
Unknown

COMMENT
High Liner Foods(HLF-T) 

August 15, 2017

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

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 & Ass...

PricePrice
$14.500
Owned Owned
No

BUY
High Liner Foods(HLF-T) 

April 17, 2017

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

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 Manage...

PricePrice
$18.090
Owned Owned
Unknown

BUY on WEAKNESS
High Liner Foods(HLF-T) 

March 22, 2017

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

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 Managem...

PricePrice
$17.840
Owned Owned
No

PAST TOP PICK
High Liner Foods(HLF-T) 

March 20, 2017

(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

(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 M...

PricePrice
$17.780
Owned Owned
Yes

DON'T BUY
High Liner Foods(HLF-T) 

February 24, 2017

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

Consumer Products

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 ...

PricePrice
$17.540
Owned Owned
No

PAST TOP PICK
High Liner Foods(HLF-T) 

February 2, 2017

(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

(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 M...

PricePrice
$19.210
Owned Owned
Yes

COMMENT
High Liner Foods(HLF-T) 

January 6, 2017

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

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 Mana...

PricePrice
$19.160
Owned Owned
No

COMMENT
High Liner Foods(HLF-T) 

January 4, 2017

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

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 Manage...

PricePrice
$19.310
Owned Owned
Unknown

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