High Liner Foods

HLF-T

TSE:HLF

8.68
0.08 (0.93%)
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
COMMENT
COMMENT
March 29, 2016

He is Short a little on this and Long Clearwater Seafoods (CLR-T) on the other side. They”ve had a couple of poor quarters in that their margins are shrinking and the cost of seafood has gone up as well as having some negative currency impact.

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He is Short a little on this and Long Clearwater Seafoods (CLR-T) on the other side. They”ve had a couple of poor quarters in that their margins are shrinking and the cost of seafood has gone up as well as having some negative currency impact.

HOLD
HOLD
March 28, 2016

Sells frozen value added seafood, primarily to hospitality and restaurants. Made a US acquisition a couple of years ago that did not turn out very well. The lower Cdn$ has affected their profits. Also, seafood sales have not grown with the economy in the last couple of years. The stock dropped 40% from its all-time high, so the valuation is quite cheap. Very attractive at 7-8 times earnings.

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Sells frozen value added seafood, primarily to hospitality and restaurants. Made a US acquisition a couple of years ago that did not turn out very well. The lower Cdn$ has affected their profits. Also, seafood sales have not grown with the economy in the last couple of years. The stock dropped 40% from its all-time high, so the valuation is quite cheap. Very attractive at 7-8 times earnings.

DON'T BUY
DON'T BUY
November 26, 2015

They source fish and process into fish products. They have grown rapidly and he is not happy with their debt levels. There is growing demand for fish as a protein, but the debt keeps him away from it. 3.2% yield. There may be risk to the dividend.

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High Liner Foods (HLF-T)
November 26, 2015

They source fish and process into fish products. They have grown rapidly and he is not happy with their debt levels. There is growing demand for fish as a protein, but the debt keeps him away from it. 3.2% yield. There may be risk to the dividend.

DON'T BUY
DON'T BUY
November 6, 2015

High momentum stocks rally very strong, and if something fails, institutional investors head for the exits, and that is what happened here. He would stay away from this.

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High Liner Foods (HLF-T)
November 6, 2015

High momentum stocks rally very strong, and if something fails, institutional investors head for the exits, and that is what happened here. He would stay away from this.

COMMENT
COMMENT
November 4, 2015

A really interesting stock. It has gone down quite a bit in the last little while, yet it maintains all the criteria of a good investment. Steady dividend and steady dividend growth. This is a perfect storm of low Cdn$, US customer base and they are buying all their products from the US. Thinks they can earn $1.50 next year versus $1.25 this year, which is a nice turnaround. He is looking at this. Dividend yield of 3.6%.

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High Liner Foods (HLF-T)
November 4, 2015

A really interesting stock. It has gone down quite a bit in the last little while, yet it maintains all the criteria of a good investment. Steady dividend and steady dividend growth. This is a perfect storm of low Cdn$, US customer base and they are buying all their products from the US. Thinks they can earn $1.50 next year versus $1.25 this year, which is a nice turnaround. He is looking at this. Dividend yield of 3.6%.

DON'T BUY
DON'T BUY
October 26, 2015

He is not a big fan. It went up to EBV 5 line, but did not cross it. It is a cyclical. You are seeing this in the pullback. He thinks it will go lower. It is having negative transits of his EBV lines.

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High Liner Foods (HLF-T)
October 26, 2015

He is not a big fan. It went up to EBV 5 line, but did not cross it. It is a cyclical. You are seeing this in the pullback. He thinks it will go lower. It is having negative transits of his EBV lines.

COMMENT
COMMENT
October 20, 2015

This kind of made a tactical error from a business point of view. When costs generally went up, they tried to raise their prices, and were somewhat surprised when consumers disagreed and their sales and earnings slowed down. This stock points up nicely if they keep their current point of view. Looking fairly attractive here at 8X estimated earnings. The upside potential, if those earnings come through, is more than 100%.

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High Liner Foods (HLF-T)
October 20, 2015

This kind of made a tactical error from a business point of view. When costs generally went up, they tried to raise their prices, and were somewhat surprised when consumers disagreed and their sales and earnings slowed down. This stock points up nicely if they keep their current point of view. Looking fairly attractive here at 8X estimated earnings. The upside potential, if those earnings come through, is more than 100%.

WEAK BUY
WEAK BUY
October 14, 2015

Has been hurt recently and sold off. It was presented as a ‘short’ thesis at a conference recently. It was not a good last quarter. It is a seasonal thing. It is facing problems like a lot of US importers. It buys its fish in US$ and sell it in Canadian $. It is a good cash flow generator. It has been at this debt level before, lowered it and then made more acquisitions. He is not worried about their debt. However, it needs to cut costs and improve margins. Also, however if someone wanted to buy them it would be at a much higher price.

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High Liner Foods (HLF-T)
October 14, 2015

Has been hurt recently and sold off. It was presented as a ‘short’ thesis at a conference recently. It was not a good last quarter. It is a seasonal thing. It is facing problems like a lot of US importers. It buys its fish in US$ and sell it in Canadian $. It is a good cash flow generator. It has been at this debt level before, lowered it and then made more acquisitions. He is not worried about their debt. However, it needs to cut costs and improve margins. Also, however if someone wanted to buy them it would be at a much higher price.

PARTIAL SELL
PARTIAL SELL
October 6, 2015

A classic conflict between the technicals and the fundamentals. The 200 day is breached and the uptrend is breached. Also, you have lower highs. The technicals say the story is intact, but there is something wrong with it. Don’t buy new or average down. You might reduce.

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High Liner Foods (HLF-T)
October 6, 2015

A classic conflict between the technicals and the fundamentals. The 200 day is breached and the uptrend is breached. Also, you have lower highs. The technicals say the story is intact, but there is something wrong with it. Don’t buy new or average down. You might reduce.

HOLD
HOLD
September 29, 2015

Valuation is attractive, but the balance sheet, not so much. If they put together a good quarter the stock could easily be $20 again. A lot of people are throwing in the towel. If you can wait it out, it is worth it. Just watch the results.

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High Liner Foods (HLF-T)
September 29, 2015

Valuation is attractive, but the balance sheet, not so much. If they put together a good quarter the stock could easily be $20 again. A lot of people are throwing in the towel. If you can wait it out, it is worth it. Just watch the results.

BUY
BUY
September 24, 2015

He imagines they are shopping right now because there is money to finance an acquisition. This is an opportunity to get in. The insiders own a lot of stock so it would be a hard company to acquire.

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High Liner Foods (HLF-T)
September 24, 2015

He imagines they are shopping right now because there is money to finance an acquisition. This is an opportunity to get in. The insiders own a lot of stock so it would be a hard company to acquire.

COMMENT
COMMENT
September 8, 2015

Down $1-$2 from where he bought it, due to operational hiccups. They were moving around some of their manufacturing facilities, trying to rationalize them and it should have affected an improvement in margins, which didn’t happen. There was also a decline in volumes in their most recent quarter. The valuation is very compelling, however it has turned into a bit of a show me story. You are going to need to see volume growth stabilize and some of the synergies start to flow through.

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High Liner Foods (HLF-T)
September 8, 2015

Down $1-$2 from where he bought it, due to operational hiccups. They were moving around some of their manufacturing facilities, trying to rationalize them and it should have affected an improvement in margins, which didn’t happen. There was also a decline in volumes in their most recent quarter. The valuation is very compelling, however it has turned into a bit of a show me story. You are going to need to see volume growth stabilize and some of the synergies start to flow through.

TOP PICK
TOP PICK
September 3, 2015

Had one bad quarter and it seemed like the whole world was going to end for the stock. It made no sense whatsoever. Frozen food has a huge scale in North America. It generates a lot of free cash flow. Dividend yield of 2.91%.

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High Liner Foods (HLF-T)
September 3, 2015

Had one bad quarter and it seemed like the whole world was going to end for the stock. It made no sense whatsoever. Frozen food has a huge scale in North America. It generates a lot of free cash flow. Dividend yield of 2.91%.

COMMENT
COMMENT
August 6, 2015

They had earnings that were disappointing that they blamed partly on currency and partly on lower volumes of fish. They tried to put through a price increase, but it did not go through very well. He likes it, it is very inexpensive after the fall it has had in the last few days. It is a bargain at this price. The 2nd quarter is always their lowest quarter.

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They had earnings that were disappointing that they blamed partly on currency and partly on lower volumes of fish. They tried to put through a price increase, but it did not go through very well. He likes it, it is very inexpensive after the fall it has had in the last few days. It is a bargain at this price. The 2nd quarter is always their lowest quarter.

BUY
BUY
July 2, 2015

Made major acquisition in Iceland and then the stock price exploded. It has not done much in the last year. They have to consolidate. He thinks they will make more acquisitions going forward. As the economy recovers, more people eat out and HLF-T supplies a lot of restaurants.

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Made major acquisition in Iceland and then the stock price exploded. It has not done much in the last year. They have to consolidate. He thinks they will make more acquisitions going forward. As the economy recovers, more people eat out and HLF-T supplies a lot of restaurants.

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