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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: CusterInvestor who wrote (42614)5/12/2011 11:30:54 AM
From: E_K_S1 Recommendation  Respond to of 78523
 
The only news I see today is this:

UPDATE 2-Marine Harvest sees leaping salmon markets
af.reuters.com

From the article:"...Marine Harvest (MHG.OL: Quote), the
world's largest fish farmer, said it expected a strong market
this year and next as it reported rising first-quarter operating
profit and warned that the fish farming industry in Chile could
face problems once again.

The farmed fish market worldwide has seen double-digit
demand growth in the past few years as consumers seek healthier
diets and those in emerging economies have more money to spend...."

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Looks like a value buying opportunity at today's price. Remember that they will pay another dividend this year around the 4th quarter.

EKS



To: CusterInvestor who wrote (42614)11/11/2011 12:29:30 PM
From: E_K_S  Read Replies (4) | Respond to of 78523
 
World’s Biggest Salmon Farmer Chokes on Glut
bloomberg.com

From the article:"...Billionaire shipping tycoon John Fredriksen’s Marine Harvest ASA (MHG), the world’s biggest salmon farmer, is grappling with a supply overhang that is weighing on profit and may trigger a breach of loan covenants.

Marine Harvest’s ability to honor loan conditions is being called into question after third-quarter net income declined 97 percent. The company’s 225 million euros ($310 million) of convertible bonds due 2015 trade at 82 cents on the euro, according to Bloomberg Bond Trader prices. The bond has plummeted from 123 cents at the start of the year, underperforming peers in the UBS Convertible Europe Index, which have declined an average 7.6 percent.

Salmon prices are at a six-year low...".

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EKS