Topic: Dividend Stocks

Maple Leaf Foods $13 – Toronto symbol MFI

MAPLE LEAF FOODS $13 (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 127.0 million; Market cap: $1.7 billion; SI Rating: Average) owns 88% of Canada Bread Company. This investment accounts for 91% of its market value. In effect, that means you get Maple Leaf’s core meat products businesses for just $1.20 a share. Maple Leaf trades at just 0.3 times its sales per share of $42. That plus its restructured meat operations gives it lots of room to improve profits.

Maple Leaf Foods is a buy.

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