MAPLE LEAF FOODS INC. $19 – Toronto symbol MFI

MAPLE LEAF FOODS INC. $19 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 142.1 million; Market cap: $2.7 billion; Price-to-sales ratio: 0.7; Dividend yield: 0.8%; TSINetwork Rating: Average; is Canada’s largest food processing company. It mainly sells its products, including fresh and… Read More

Buy Maple Leaf as it finishes shakeup

Maple Leaf Foods is nearing the end of its multi-year plan to unload less profitable businesses and modernize its meat-processing plants. The plan’s costs have depressed the company’s earnings, but it greatly improves its prospects.

We also have a high opinion of Saputo (see box),… Read More