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Maple Leaf Foods Inc. (MLFNF)

Other OTC - Other OTC Delayed Price. Currency in USD
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22.34-0.12 (-0.53%)
At close: 03:44PM EST
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  • 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
    Roger
    CIBC bumped up TP from $38 to $44. That is significant
    Enjoy !!!
  • E
    Elliot
    Well, once again I thought earnings and the call would lead to a negative reaction by markets even despite the overall beat from Meat segment.

    Once again happy to be wrong and only regret is not making it a larger position.

    Looking forward to what management tells us on the plant side but I am glad they are reacting quickly and not stubbornly just ploughing more money into it without better understanding. All you can ask of management.
  • J
    John R
    I knew this 🐣 would hatch.
  • Y
    Yahoo Finance Insights
    MFI.TO is up 5.03% to 28.82
  • s
    sunny
    New Walmart deal, things are on a Roll now.
  • s
    sunny
    New deal with WHOLEFOODS. let's hope they boosts sales and stock price
  • J
    John R
    I added more to my long position. any thoughts on the recent drop?
  • R
    Raoof
    Bought Shares today at $24.95 good long term hold great company everyone loves meat
  • B
    Buck
    Any thoughts on upcoming earnings in Nov.
  • J
    John R
    Any thoughts on ER?
  • 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 : )
  • 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.