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


To: robert b furman who wrote (45373)11/11/2011 2:11:27 PM
From: E_K_S  Read Replies (1) | Respond to of 78525
 
Hi Robert -

Re: Marine Harvest ASA (MNHVF.PK)

Not too happy with the investment either as I am underwater by more than 50% from my original cost. Not a very good business plan to flood the market w/ product at a loss just to gain market share. What ever happened to sustained farming similar to what is done in the forestry business.

FWIW their glut is also impacting my other fish producers, specifically Omega Protein Corp. (OME). All the extra salmon fish oil is impacting the price that OME gets for their (Cod) omega 3 fish oil.

Perhaps one who invests in any type of AG commodity should expect the "boom" "bust" cycle. It can have dramatic effects on a company's balance sheet. Just look at ADM and Noble's most recent earnings misses due to extremely high cotton prices.

EKS