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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (146979)3/27/2023 2:56:54 PM
From: Goose94Read Replies (2) of 202988
 
High Liner Foods (HLF-T) top pick from Stephen Takacsy on BNN.ca Market Call Monday March 27th @ 1200ET

High Liner is a 120-year-old company that’s one of North America’s leading brands and processors of frozen value-added seafood to both food retailers and the food service sector. High Liner is the number one value-added player in Canada in the retail sector and the number one supplier in the U.S. in the food service sector. The industry is benefiting from healthier eating habits as more consumers add seafood to their diets, although per capita consumption in the U.S. is still very low.

Sales and EBITDA have been growing steadily over the past few years, and the company recently announced record sales and profits. It also just raised its dividend by 30 per cent (yields 3.5 per cent) which is a strong vote of confidence in the future. It expects to grow sales and EBITDA again in 2023 and generate significant free cash flow to pay down debt. Insiders own 40 per cent of the company, so have plenty of skin in the game. The stock is dirt cheap trading at around 7X earnings.
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