Maple Leaf Foods
Toronto symbol MFI, is Canada's largest food processing company. Its products include fresh and prepared meats and poultry, mostly under the Maple Leaf and Schneider brands. It also makes fresh and frozen bakery products through 89.8%-owned Canada Bread Co. Ltd.
MAPLE LEAF FOODS INC. $11 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 144.4 million; Market cap: $1.6 billion; Price-to-sales ratio: 0.3; Dividend yield: 1.5%; TSINetwork Rating: Average; www.mapleleaf.ca) is Canada’s largest food-processing company. It mainly makes its products, which include fresh and prepared meats and poultry, under the Maple Leaf and Schneider brands. This business accounts for …read more »
Maple Leaf Foods and its subsidiary, Canada Bread, are in the middle of multi-year restructuring plan. A big part of this restructuring involves closing smaller plants and moving their operations into larger facilities with better machinery.
The plan’s cost has held back Maple Leaf’s earnings and share price. However, these moves will cut its costs, and help it better deal with …read more »
Maple Leaf Foods and its subsidiary Canada Bread are cutting costs so they can better compete with larger, U.S.-based food companies. Both companies are closing smaller plants and merging their operations with larger facilities. We like both, but Maple Leaf offers better value.
MAPLE LEAF FOODS INC. $11 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 140.0 million; Market …read more »
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Tip of the week: “Smart investing limits …read more »
Saputo Inc. (Symbol SAP on Toronto) is Canada’s largest producer of dairy products, including milk, butter and cheese. The company also makes snack cakes and tarts. Aside from Saputo, the Canadian stock pick’s main brands include Neilson, Stella and Dairyland.
The company also has operations in the U.S., Argentina and Europe.
In its second quarter, which ended September 30, 2010, Saputo …read more »
On Thursday, October 29, two directors of Maple Leaf Foods Inc. (symbol MFI on Toronto) from the Ontario Teachers’ Pension Plan resigned their positions.
Maple Leaf is Canada’s largest food processor. It sells most of its products, which include fresh and prepared meats and poultry, under the Maple Leaf and Schneider brands. The company is one of the stock market picks …read more »
Maple Leaf Foods has suffered several setbacks in the past three to four years. Because of unfavourable foreign-exchange rates, the company stopped exporting fresh meat products as part of a plan to focus on its more-profitable packaged-food and bakery businesses. Last year, 21 people died of listeriosis (a form of food poisoning) after eating contaminated meat. That led to lost …read more »
MAPLE LEAF FOODS INC. $10 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 107 million; Market cap: $1.1 billion; Price-to-sales ratio: 0.2; SI Rating: Average) has finalized the details of several class-action lawsuits it faces related to an outbreak of listeriosis at its Toronto meat-processing plant in August 2008.
Maple Leaf will pay a total of $25 million, and …read more »
MAPLE LEAF FOODS INC. $10 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 126.3 million; Market cap: $1.3 billion; Price-to-sales ratio: 0.2; SI Rating: Average) continues to make progress with its multi-year restructuring plan. This mainly includes a shift to packaged meats under the Maple Leaf and Schneider brands, which generate higher earnings for it than fresh meats. …read more »
Our long-standing advice is to invest in well established companies and spread your funds out across the five main economic sectors: Manufacturing & Industry, Resources & Commodities, the Consumer sector, Finance and Utilities.
Generally speaking, stocks in the Resources & Commodities sector and the Manufacturing & Industry sectors expose you to above-average volatility, while those in the Finance and Utilities sectors …read more »
