Topic: How To Invest

What is your current recommendation regarding High Liner Foods Inc.?

Article Excerpt

High Liner Foods Inc., $15.27, symbol HLF on Toronto (Shares outstanding: 30.9 million; Market cap: $483.8 million,, processes and markets frozen seafood. The company was called National Sea Products before it changed its name in 1998. High Liner sells its products in grocery stores throughout the U.S., Canada and Mexico under the High Liner, Royal Sea, Fisher Boy, Mirabel and Sea Cuisine labels. It also sells food to restaurants and institutions under its High Liner, FPI and Icelandic Seafood brands. In addition, High Liner is a major supplier of private-label seafood to North American distributors and grocery stores. In the past few years, High Liner has steadily expanded its operations with acquisitions. In 2007, the company bought the manufacturing and marketing operations of FPI Ltd. (a former recommendation of our Successful Investor newsletter) for $161.7 million. At the same time, Ocean Choice International bought FPI’s fish harvesting and processing operations in Atlantic Canada for $158.5 million. In December 2010, High Liner bought…

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