The Successful Investor, in the March, 2015, issue, says hold Maple Leaf Foods Inc., recently $21. The Investor said buy 17 times from February, 2005, to July, 2014, at prices ranging from $9.17 to $19. Assuming a $1,000 investment for each of the 17 buys, the $17,000 position is now worth $28,854. Maple Leaf is nearing the end of a complicated restructuring plan that includes selling its less profitable businesses and updating its meat-processing plants. Since 2010, the company has closed five plants, expanded three others, merged 17 distribution centres into two and built a new processing plant. As well, it has simplified its products and improved its computer networks. The Investor points out that the stock has risen from $19.70 at the beginning of the year, but could fall if the restructuring does not finish on schedule. The stock is now a hold.
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