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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: In regards to High Liners earnings results they seemed exceedingly bad and the conference call did not outline much chance for a recovery before 2020. Did I miss any positive points? There was not really any discussion of a dividend cut other than a statement about "a review of its capital structure to determine the most prudent use of capital." Do you think a dividend cut is likely? In your opinion would private equity ever be interested in this company in a turn around situation?

Thanks
Read Answer Asked by Stuart on November 09, 2018
Q: Hi guys
I see High Liner had a new CEO appointed: " High Liner Foods Incorporated (HLF.TO) on Wednesday named Rod Hepponstall as President and Chief Executive Officer, effective May 1, 2018. Hepponstall will assume this role from Henry Demone, Chairman and CEO, who will continue as Chairman of the Board of Directors. Hepponstall will also serve on the board.

According to a statement, Hepponstall has 25 years of experience working in the food industry in the United States and Canada, in both retail and foodservice. It said he has held positions of increasing responsibility at several publically traded food companies, including Lamb-Weston, Inc., ConAgra Foods, Inc. and Maple Leaf Foods. He most recently held the position of Senior Vice President, General Manager Retail & Foodservice Business Units at Lamb-Weston Inc.."

I would have thought given the complexity of the fish wholesale market that they would have chosen a fish veteran rather than a person with more general food service direction or am I missing something. The market did not seem to like the choice as the stock was down 5%. Any thoughts of what this choice in CEO may bring to the direction of High liner.

Much thanks
Stuart
Read Answer Asked by Stuart on April 05, 2018
Q: I am going over our investments and am looking to put in a bit more zip by rearranging a few holdings in a well balanced portfolio of only stocks. In our RIFF I am considering removing 3% AW.UN and replacing with HLF. The dividends are similar and short term it looks like HLF is attracting some buying after tax loss selling and longer term corporate policy shift to efficiencies and developing more healthy products suggests a bit more potential capital gain for HLF. Please Comment on longer term risk for this change.
Read Answer Asked by joe on January 03, 2018
Q: I am thinking of adding these stocks to some of my accounts please rate from best to worst and comment if you disagree with any choice. Thanks Don
Read Answer Asked by Don on November 16, 2017
Q: Your thoughts on CLR and HLF as they settle down after not so good results. Also, when is the period of greatest tax loss selling and how much would you let it influence buying and selling opportunities particularly in TFSA and RRSP accounts?
Read Answer Asked by bill on November 15, 2017