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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (42032)	10/14/2013 1:04:35 PM
From: E_K_S	Read Replies (1) of 78683

Marine Harvest ASA (MNHVF) - Peeled off 15% of these shares This is one of Fredriksen's companies, a salmon fish farm. Company has been doing well w/ higher salmon prices and the recovery of fingerlings that died from infection 18 month's ago. Have been accumulating the stock in early 2012 between $0.65/share-$0.85/share. Took a bit off the table but will let the other 85% ride as there are still good prospects for increased sales and profitability w/ the current crop of fish. Hard to know where fair value is with many cyclical factors that affect profitability. Asia likes the fish especially China so their market is expanding. They also reinstated their dividend so company finances are getting better. EKS

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