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Maple Leaf Foods Inc. (MFI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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27.19+0.37 (+1.38%)
At close: 04:00PM EDT
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  • K
    Karina
    Labour shortages/absenteeism due to Omicron, inflationary pressures, supply chain challenges and start-up expenses (London, Ontario plant construction) are cited reasons for the company's poor results for Q1 2022 which management, nonetheless, frames as as "exceptional business performance" in the wake of obstacles. Each quarter there are a slew of excuses for poor results. Ultimately, MLF's managament may be at the center of the company's continued lackluster performance...
    Don't be surprised if they kept the bird flu in their back pocket to explain away poor results next quarter.

    Without management changes, I'm losing some faith here.
  • R
    Roger
    My oil stocks are down 11% today. MFI down 0,6% MFI is a good defensive stock !
    It will be up 20% in 6 months after Q3 earnings... It's a good long term investment.
  • J
    John R
    Added to my position today, big whale buys today!
  • J
    John R
    Wow impressive !
  • J
    John R
    What's going on? Is it just light volume? Anyone has insights on yesterday's up swing?
  • M
    Mark
    Why my orders to sell MFI.TO have been rejected both in CIBC and WealthSimple platform?
  • J
    Jeff
    I might be wrong but I think they export product to Russian. Might that be the reason this was down on a no company news days but on a sanction day. I've been watching for a entry point this might be it but would like to know about the exposure to Russian prior to dipping my toe in.
    Does anyone have any ideas
  • R
    Raoof
    Bought Shares today at $24.95 good long term hold great company everyone loves meat
  • N
    Nicholas
    If you have a look back to 2017, MFI's EPS was about 50% of their EBITDA. If we look at the current EBITDA of the non-plant meat business we can see it's about $500 million So if we toss the plant based business out the window we could be left with 250 million earnings. That would put this at 13.3x earnings. If we factor in margin expansion and sales growth you can probably add another 100 million to earnings over the next 3 years. That's all without the plant business. If we wanna put some value on the plant business we could conservatively say 2x revenue, that'd be like $4 a share (they paid 3.5x, and Beyond trades at something like 20x). I kind of wish they'd just spin the plant based off, I think it would fetch a good price and it clear up how well the meat business is doing.
  • R
    Roger
    A lot of investors are on the side track waiting for the green light. MFI has been a top pick of TD for a long time... CIBC has it as a top pick since beginning of may... I will be adding 5k more in the coming days...
    I expect it to jump slowly back to 29 in a month or 2 ? ?? MFI is a strong cy.

    ps. I'll be 70 in july, Patience has rewarded me many times : )
  • J
    John R
    0:29 AM EST, 01/31/2022 (MT Newswires) -- Scotiabank raised its target price on Maple Leaf Foods Inc. (MFI.TO) to $46 from $42 on Monday.
    Analyst George Doumet maintained a Sector Outperform rating on shares of the Canadian packaged meats company.
    Doumet said the stock has been range bound for about two years, but 2022 should be different.
    "...We see a catalyst in Q4/21 results (in late February), where we expect to see (hopefully substantial) changes to the company's growth and profitability algorithms at its plant segment - that could ultimately lead to break-even (much) earlier than expected," the analyst said in a note to clients.
    "Secondly, we expect MFI's capex cycle to finally come to an end in 2022 following the completion of its London poultry plant," Doumet said. "This should allow the company to generate substantial FCF and to deleverage balance sheet (back down below 2x by 2023)."
    The analyst said this will allow the company to be more aggressive with its deployment of capital to shareholders.
    (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
    Price: 30.55, Change: +0.25, Percent Change: +0.83
    Contact Us - MT Newswires
    Contact Us - MT Newswires
    www.mtnewswires.com
  • A
    Analystguy
    Why MFI stock price continues to linger below even the most conservative analysts price targets defies me. Fundamental investors look for value. MFI has that in spades. Top line revenue growth has averaged over 3% PER QUARTER over the past 7 quarters, with additional opportunity from plant protein on the horizon.

    MFI is cash flow positive from operations in each of the past two years and uses that cash to invest in assets instead of depleting shareholder value by borrowing or issuing new shares for that purpose. It does not spend a dime on capital before its time. This is responsible governance and I applaud that - and so would Warren Buffet.

    In these volatile times, Consumer Defensive stocks such as MFI seem a safe haven. You would think investors would gravitate to stocks like MFI given current market opportunities, especially when factoring in the dividend - yet trade volumes are low by comparison to other stocks in this sector.

    By all measures, MFI seems to be the type of well-managed company Warren Buffet speaks of when he talks about acquisitions. Given Michael McCain is now 63 and owns a third of the shares, how much longer will he want to remain at the helm? No matter how I look at this company, I see positive signs. If anyone can offer up reasons why the stock continues to languish, I'd sure like to read them.
  • A
    Analystguy
    Not that anyone reads these anymore - but today's selloff puts MFI's share price the same as it was in Jan 2016. This despite since that time annual sales growth increase of 18.5%, asset increase of 33%, net earnings increase of 84%, and eps increase of 106%.
  • N
    Nicholas
    Yes, TD listed it as an action buy today. But It was down because BMO downgraded to market perform because they had concerns about the plant based business.

    I honestly don't think people understand this business or the numbers. I personally think the TD analyst understands the business better than the BMO analyst because I've gone through everything myself and downgrading MFI because you think the plant based business will be a drag is kind of BS. Maybe tell that to the investors willing to pay 10 billion for Impossible, but to bring that up at the valuation currently placed on MFI...... it's BS.
  • A
    Analystguy
    A TD trader is actively shorting the stock this morning, well over 100k shares between 9:34 and 10:04 Eastern.
  • B
    Bob
    Does this stock have a chance of getting back to the $29 range within the next 6 months?
  • R
    Rick
    Beef prices are likely to significantly rise with feed costs. Plant protein will be back in vogue second half of this year. While the outlook is dim at the moment (BYND being the most affected), today's sell off and likely a bit more weakness presents a buying opportunity. COVID is essentially behind us until another unexpected strong variant or new virus emerges, the reopening will create unprecedented rise in demand for MFI's products, including plant protein. There will be shift to popularity of food stocks second half that will likely last 18 months....MFI will be plus $40 sometime in 2023. Stick with it!
  • N
    Night Fire
    It's nice they are doing a strategic review of their Plant Protein business. I think that was the overhang on this stock. let's see what the analyst say about it and this momentum carries on. lots of cities in Canada returning to office slowly this should be good boost to company
  • A
    Alejandro
    How this stock remains under $30 right now is beyond reasoning. It might be getting shorted by a meatless protein company looking for more investment.
  • A
    Analystguy
    Brace yourselves for tomorrows earnings. Stock is trading at a 300 day low less than 24 hours before earnings call.