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

To: Paul Senior who wrote (48935)	9/18/2012 11:25:12 AM
From: E_K_S	Respond to of 78741

Noble Group Ltd. (Other OTC: NOBGF) - Peeled off some high priced shares Marine Harvest ASA (Other OTC: MNHVF) - Upped my position by 25% Upped my Salmon Farm holding (MNHVF) by 25%. With pork, chicken and beef all going up in price due to the high cost of corn (as a result of the drought), salmon steaks will be a good substitute. In 8-16 months, the new fingerling crop of salmon should hit the world market and demand should be strong. Hopefully, demand will outpace supply and salmon prices should remain stable and/or increase. I peeled off a few of my high priced shares in NOBGF which is a commodity play (soybeans, rice and other grains) and put the proceeds into MNHVF. I also added to my fish meal & fish oil producer OME. They supply the fish meal to the salmon farmers which has also increased in price. These products are all commodity price driven and based on the past correlations, beef, pork and chicken prices affect fish demand and their prices. It should be early enough into this cycle that there is a good move left in the fish and fish protein story. However, MNHVF is already up 50% from it's recent lows this year but I am guessing we could see the past cycle highs of between a $1.20/share and $1.35/share as salmon prices and demand increase. EKS