Bullish on $MFI with food insecurity Be sure to click that follow button and check out all my linked socials for more elite signals and market insights!
MFI – Maple Leaf Foods Inc. (TSX)
Key Stats:
• Current Price: ~$21.73
• Market Cap: ~$2.7B
• P/E Ratio: ~18
• Dividend Yield: ~4.3%
• Next Earnings Date: Feb 25, 2025
• Recent Analyst Sentiment: Upgraded to Outperform
Technical Reasons for Upside:
1. 50MA Bounce: MFI has found solid support at its 50-day moving average—proof that the bulls are holding the line and ready to push higher.
2. Volume Surge: Increasing trading volume on up days signals that smart money is stepping in, setting the stage for a breakout move.
3. Resistance Test & Breakout Potential: The stock has been flirting with resistance around $21; a decisive break could propel it swiftly to the $22 target.
Fundamental Reasons for Upside:
1. Stable Earnings & Dividend Profile: Maple Leaf Foods boasts consistent earnings and a healthy dividend yield, underpinning long-term investor confidence.
2. Operational Efficiency Improvements: Recent quarterly results show tighter cost controls and steady revenue growth, highlighting robust operational performance.
3. Analyst Upgrades & Positive Outlook: With several analysts recently upgrading the stock and citing margin expansion potential, the fundamentals are aligned for a modest rally.
Potential Paths to Profit:
1. Option 1 (Low-Risk): Buy shares at current levels and hold until the $22 target is achieved.
2. Option 2 (Moderate-Risk): Purchase LEAP call options (expiring in early 2027) at a strike near the current price, then sell as MFI nears your target.
3. Alternative Strategy: Consider a bull call spread—buy a call at a lower strike (e.g., $21) and sell a call at a higher strike (e.g., $22)—to lower your net cost while capitalizing on the expected upward move.
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Maple leaf finally showing opportunity in chart and fundamentals
investors dont really care much about positive results from old established packaged foods companies in canada. but the last reported period was strong overall growth faster than competition, resulting in a trend reversal.
looks like there is an easy 10% long swing opportunity.