PRBZF - Maple Leaf Foods: This 2%-Yielding Stock Is Trading At An Attractive Valuation
Investment Thesis
Maple Leaf Foods (MLFNF) [TSX: “MFI”] delivered a solid Q2 2020 with positive top and bottom-line growth. The company should be able to continue to expand its meat protein EBITDA margin, thanks to its effort to shift its product mix to higher margin products and its brand renovation strategy. The company’s investment in a new poultry processing facility should help further expand its margin beyond 2022. Maple Leaf Foods’ plant protein business is also performing well and is expected to grow rapidly in the next few years. The company currently pays a 2%-yielding