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Clearwater Seafoods Incorporated T.CLR

"Clearwater Seafoods Inc is a distributor of shellfish and seafood with operations in Asia, North America, and Europe. Revenue is largely generated by the company's European branch. Clearwater Seafoods engages in the harvesting, processing, and marketing of seafood. The company obtains wild-caught seafood through its vessels located within Canada and Argentina. Products are segmented into scallops, lobster, clams, coldwater shrimp, crab, Langoustine and Groundfish, and other shellfish. The scall


TSX:CLR - Post by User

Post by maldororon Sep 26, 2017 3:18pm
442 Views
Post# 26744090

Pocket Trudeau and your money

Pocket Trudeau and your moneyI sold my position in CLR today at a small loss. The cancellation of 25% of exclusive fishing rights was first noticed by me on the Undercurrent news website. No announcement by CLR sofar. The Federal Government expropriated without representation or compensation 25% of a  license to deal it to the natives. Suffice to say that the natives have no experience in running this type of operation. The $70 million CLR ship is now diminished in capital value.  By a stroke of the pen,  Pocket Trudeau deals a capital loss to CLR and its shareholders. That makes CLR an unacceptable investment.In addition, it makes investing in Canadian stocks a dicier proposition. 
Maldoror


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