High Liner Foods

HLF-T

TSE:HLF

10.77
0.00 (0.00%)
High Liner Foods Inc. is a Canadian seafood company that packages and sells seafood to restaurants and institutions under the High Liner, Icelandic Seafood, and FPI labels, and to individual consumers ...
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Analysis and Opinions about HLF-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
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.

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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.

DON'T BUY
DON'T BUY
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%.

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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%.

WEAK BUY
WEAK BUY
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.

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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.

BUY
BUY
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.

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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.

COMMENT
COMMENT
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%.

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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%.

COMMENT
COMMENT
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

COMMENT
COMMENT
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.

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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.

COMMENT
COMMENT
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

COMMENT
COMMENT
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.

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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.

BUY
BUY
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.

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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.

BUY WEAKNESS
BUY WEAKNESS
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.

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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.

PAST TOP PICK
PAST TOP PICK
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%.

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(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%.

DON'T BUY
DON'T BUY
February 24, 2017

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

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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.

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