Topic: How To Invest

Q: Hi Pat: Could I get your thoughts on High Liner Foods? Its price has come down substantially and it has a decent dividend. Thank you.

Article Excerpt

A: High Liner Foods Inc., $14.20, symbol HLF on Toronto (Shares outstanding: 33.3 million; Market cap: $472.3 million, www.highliner.com), processes and markets frozen seafood. The company was called National Sea Products before it changed its name in 1998. Throughout the U.S., Canada and Mexico, High Liner sells its products in grocery stores under the High Liner, Fisher Boy, Mirabel and Sea Cuisine, and C. Wirthy & Co. labels. It also sells food to restaurants and institutions under its High Liner, FPI and Icelandic Seafood brands. In addition, the company is a major supplier of private-label seafood to North American foodservice distributors and grocery stores. High Liner owns and operates three food-processing plants located in Lunenburg, Nova Scotia, Portsmouth, New Hampshire, and Newport News, Virginia. It stopped production at its plant in New Bedford, Massachusetts, on July 15, 2016; it then sold the facility and the New Bedford scallop business on September 7, 2016. Over the years, the company has steadily expanded its operations…

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