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Bullboard - Stock Discussion Forum 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... see more

TSX:CLR - Post Discussion

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Post by TimeBuilder on Mar 05, 2018 10:49am

Back In @ 4.64

FYI: dumped everything during the past down draft and took our Cap gains. Really hope our re-entry proves out over Time..... Q4 & YE results on Tuesday should TELL....Regards to ALL OLD & NEW Investors, TimeBuilder
Comment by 4frankly on Mar 06, 2018 1:04pm
so with the results, too soon call? 
Comment by bmeister2 on Mar 06, 2018 3:45pm
Worth over 5 dollars even with higher dollar, and clam distribution. Check last years report to this one and my conclusion stands as severly undervalued. No way shouls sp be 7 dollars lower than last year at this time.
Comment by rob1237 on Mar 06, 2018 4:29pm
Now $4.25.  Thry have debt...leveraged.  Getting ugly
Comment by bmeister2 on Mar 09, 2018 2:06pm
Rob, what makes you think they can't pay their debt? If they were that worried they would drop their divvy. Ain't happening. This company knows the business very well,modern fleet that doesn't need leveraging for quite a few years, putting political and legal pressure on Fisheries minister for good reason and that will pay dividends in other quotas,believe me, and Beacon securities has ...more  
Comment by 4frankly on Mar 07, 2018 12:56pm
net debt to EBITDA has gone from 4.2X to 5X "...Ratios higher than 4 or 5 typically set off alarm bells because this indicates that a company is less likely to be able to handle its debt burden, and thus is less likely to be able to take on the additional debt required to grow the business..." 
Comment by Maxmoe on Mar 08, 2018 9:25am
Ratios don’t help when they lose money. Yes they can lose money and lots of it even if people keep eating fish. I have sent several emails to management about their useless website. Still useless and no response. Glad I sold last summer and haven’t got back in yet. Check out investors section of website if you can find it. Nice ‘fact sheet’. Charts for 2014 results? Guess that’s how long it’s been ...more  
Comment by 4frankly on Mar 08, 2018 11:58am
perhaps Premim Brands will buy it
Comment by TimeBuilder on Mar 09, 2018 2:40pm
Note: We were a term Investor/holder since Aug 2011 with a zero cost base BUT had to bail out and lock in all profit before we got to sick of this fight. FYI: Feel very comfortable getting back in to start another term Investment and watch the legal battle progress.  Time Will Tell  ..   GLTA ..TimeBuilder
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