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Maple Leaf Foods Inc. (MLFNF)

Other OTC - Other OTC Delayed Price. Currency in USD
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23.140.00 (0.00%)
At close: 03:57PM EST
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  • J
    John R
    What’s everyone thinking for ER? I added to my long today, the stick seems quite resilient
  • s
    sunny
    Does this KFC news with Beyond Meat hurt MFI.TO
    If I recall 2020 or 2021 wasn't KFC partnering with MFI on the plant based chicken? I had a taste and it was probably the worst sandwich so this news isn't that surprising

    https://thinkfoodservice.ca/top-food-trends/maple-leafs-lightlife-burger-is-at-kfc/

    Beginning August 10th, Maple Leaf’s Lightlife burger is available at KFCExternal link coast-to-coast! “When we tested Plant-Based KFC by Lightlife® late last year, we sold over a month’s worth of sandwiches in six hours,” said Samantha Redman, Chief Marketing Officer, KFC Canada. “Seeing the extraordinary demand for Plant-Based KFC, we worked quickly to bring these menu items to our restaurants across Canada.”
  • l
    lucas
    One of the best stocks
  • J
    Jean
    If you like Maple Leaf (MFC.TO) you will find RGF very interesting ... I own both ! GL
  • D
    Dingus
    Hold 30 please
  • R
    Roger
    CIBC bumped up TP from $38 to $44. That is significant
    Enjoy !!!
  • s
    sunny
    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
  • 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.
  • 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?
  • 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.
  • K
    Kelton
    I am so happy to be holding this stock, it is the bedrock of my portfolio.
  • N
    Niko
    China’s back buying again as of today’s news.
  • N
    Nicholas
    The more I think about the plant based business, the more I think they should spin it off. If someone's willing to pay 7 to 10x revenue, they can have it. It would create massive value for shareholders.
  • 2
    2020Bronco
    Some very nice new product placements in Walmart recently from Lifelight and Field Roast. Glad to see Walmart having success with their products. Stock seems to be perking up as well.