Topic: How To Invest

Good day Pat, I would appreciate your view on High Liner Foods. Thanks.

Article Excerpt

High Liner Foods, $15.30, symbol HLF on Toronto (Shares outstanding: 16.2 million; Market cap: $247.9 million, www.highliner.com), processes and markets frozen, prepared seafood. High Liner was formerly called National Sea Products before it changed its name in 1998. In 2007, High Liner bought the manufacturing and marketing operations of FPI Limited (which was a 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. High Liner’s branded products are sold throughout the U.S., Canada and Mexico under the High Liner, Royal Sea, Fisher Boy, Mirabel and Sea Cuisine labels. The company also sells its High Liner, FPI, Mirabel and Viking food-service products to restaurants and institutions, and is a major supplier of private-label seafood products to North American grocery stores and food distributors. In December 2010, High Liner completed its purchase of Viking Seafoods for $31.5 million. Viking is a leading supplier of prepared…