High Liner Foods ( HLF:CA ) has laid off 35 people, representing ~9% of its North American office workforce, the company said on Tuesday, in a move to cut costs. "These actions are part of a broader set of initiatives already underway, including disciplined margin management, cost reduction, and supply chain efficiency efforts, intended to mitigate the impact of sustained pressure from rising infl...
High Liner Foods ( HLF:CA ) has laid off 35 people, representing ~9% of its North American office workforce, the company said on Tuesday, in a move to cut costs. "These actions are part of a broader set of initiatives already underway, including disciplined margin management, cost reduction, and supply chain efficiency efforts, intended to mitigate the impact of sustained pressure from rising inflation, tariffs, and higher input costs and to strengthen the company's value proposition to customers and consumers," the company said. It expects the reductions to support a return to year-over-year adjusted EBITDA growth for fiscal 2026; however, current estimates indicate that first-quarter results will be modestly below the prior year. Source: Press Release More on High Liner Foods High Liner Foods Incorporated (HLF:CA) Q4 2025 Earnings Call Transcript Historical earnings data for High Liner Foods Dividend scorecard for High Liner Foods Financial information for High Liner Foods
Chunumunu/iStock via Getty Images Thesis We covered the BondBloxx CCC Rated USD High Yield Corporate Bond ETF ( XCCC ) last in mid-2025, when we articulated why we found the exchange-traded fund to be a good tool but not a fund to buy at the time due to tight credit spreads. The name is down on a price basis but fairly flat on a total return basis (i.e., when dividends are considered). With 2026 o...
Chunumunu/iStock via Getty Images Thesis We covered the BondBloxx CCC Rated USD High Yield Corporate Bond ETF ( XCCC ) last in mid-2025, when we articulated why we found the exchange-traded fund to be a good tool but not a fund to buy at the time due to tight credit spreads. The name is down on a price basis but fairly flat on a total return basis (i.e., when dividends are considered). With 2026 off to a rough start and many credit names down significantly for the year, we are going to revisit XCCC, its performance and metrics, and articulate our view on the ETF given the current macro. CCC Bonds Have Held Up Remarkably Well So far this year in 2026, unleveraged high yield has held up remarkably well: Data by YCharts We are comparing the BondBloxx CCC Rated USD High Yield Corp Bnd ETF (XCCC) with the State Street SPDR Bloomberg High Yield Bond ETF ( JNK ), the PIMCO Income Strategy Fund II ( PFN ), and the PGIM High Yield Bond Fund ( ISD ). Unleveraged high yield in the form of XCCC and JNK has done very well with small negative total returns of -4% and -1.4%, respectively, while leveraged high yield in the form of CEFs has taken a massive beating, with ISD at -11.5% and PFN at -8.8%. Given the S&P 500 ( SPX ) is down more than 8%, unleveraged high yield has been a port in a storm so far. Let us take a look at CCC spreads next. CCC Spreads Have Moved, but Not Significantly XCCC's performance is mainly driven by CCC bond spreads and interest rates. Given the heavy probability of default component for the fund, credit spreads are the main input into the equation for this ETF. Let us look at historic CCC spreads: CCC Spreads (The Fed) We can see a well-defined range of 7.5% to 12.5% for CCC spreads historically. There are spikes over that range and brief periods below that range, but historically those levels have held most of the historic data. We can see spreads now off the lows and towards a historic median level, up to 10.13% now. From a historic perspective, we ar...