Post by
backabock on Mar 10, 2016 12:12pm
Wholesale shrimp prices
Wholesale shrimp prices recovered strongly January, in USD. I am not aware of any global shortage of shrimp. If EBN is making headway in alternate markets as they suggested they were doing, and that there is some health back in shrimp proces, then it seems the stock is undervalued. Lately, Canadian listed small caps have presented buying opportunities. It looks like EBN has fallen into this category.
Comment by
linpaws on Mar 10, 2016 12:25pm
Agree with you. I keep asking myself whether this company will materially increase their EPS in the next 5 years from its current levels and I cannot see a reason why they can't. At 41 cents, this one looks really undervalued.
Comment by
backabock on Mar 10, 2016 5:02pm
It looks like the Philipines is having a heat problem that is hurting shrimp and prawn producers. I guess this will have a negative impact on EBN. However South America should be doing very well, so I think if there are fears, they are overblown. (Unless someone knows something I don't know.)