- Marine Harvest MHG.OL or MNHVF.PK
- Austevoll AUSS.OL
- Cermaq CEQ.OL or CRMQF.PK
- Leroy Seafood Group LSG.OL or LYSFF.PK
- Salmar SALM.OL
MHG sells just about every edible fish you've ever heard of in Norway, Ireland, Chile, Canada, the Faroes (small island nation in Europe west and I think north of Denmark) and Maine.AUSS has operations in Norway, Chile and Peru. It operates fishing boats, makes fishmeal, canning fish, extracting fish oil and freezing fish.
Cermaq focuses on "aquaculture" which makes R&D a big priority. I can't tell from a glance of the website if it is more of a pick and shovel type of company or does a lot of fishing too. Besides Norway it does business in Vietnam, Chile, Canada and Scotland.
The Leroy Seafood Group site was also tough to navigate but they seem to be involved in farming, aquaculture and distribution with offices in Norway, Turkey, China, Japan and the US.
Salmar does salmon farming and shellfish processing and it looks like it has all of its operations in Norway.
As the world appears to ending, intentional hyperbole, why write about publicly traded Norwegian fisheries that are down a lot? Well the world probably is not ending. If the thread that many, including me, are working with that the US may not offer normal market returns once the bear ends that means looking elsewhere. A Norwegian fishing company might be one answer at some point.
Or maybe not, I don't know. But the task for anyone is to continue to explore and learn. I just found these by accident. There are all sorts of segments we don't know about and while we cannot learn about all of them we can study some of them and maybe include one or two at some point in the future.
Being defensively positioned does not mean putting your head in the sand and shutting 'er down. In case it is not clear, I am not suggesting anyone buy any of the names mentioned. They exist, that's all and if you read the entire post you know as much as I do.
14 comments:
read This too Shall Pass (Oct 6) at
www.galatime.com
It is meant for an Indian audience but applies to everyone
It is going to be fascinating going forward to see if your complacency is correct. There are a multitude of things going wrong at the same time and appearing to spiral out of control. It is no wonder that many people are feeling that "this time it is different". I must say that in my 49 years I have never seen this many problems hitting all at once and I fear there is nobody at the helm that knows how to fix it.
...but teach a man to fish and he'll outperform the S&P.
Master Po?
Consumer debt levels have never been this bad before and a large part of it will not be paid back due to deflating house prices.
That said the sky will not fall. They are pulling out all the stops. The Fed will create a special vehicle to buy commercial paper to circumvent existing law. That does not mean we will not have a bear market - we are in one.
What it means is do not panic, because the sky will not fall. This does not mean things will be pleasant.
So you mean the sky is not currently falling? Nice to know.
Energy costs probably wacked those stocks a bit. Thanks for the food for thought (yup I did it.)
oh no you di'n't
lol
An ETF based on aquaculture makes more sense because the wild stock numbers are none too reliable these days and increasingly so, but that ETF ought also to include some fish food and fish chowder outfits to emulate the Campbell Soup story line. Don't you think?
Willy
Marine Harvest was going great guns until their fish got sick. The fish, salmon, were grown in huge pens, tens of millions crammed together, in fjords in Chile(or Peru, forgive my geography!)
There is no real tidal flushing in these fjords, and the fishpoo just sank to the bottom under the pens. Sick fish. Problem not solved yet.
Teach a man to fish, on the other hand, and he'll catch every last one and the Oceans and Seas go empty. For example, Spain's fishing fleet moved to Curacao, in the southern Caribbean, because there are no fish left off Spain.
Tilapia, anyone?
Melissa
way to drop some knowledge, holy cow.
Roger,
If you check her profile, you'll see Melissa is a retired scuba instructor located in St. Croix. No WONDER she knows all about the the lil fishies and the fishing fleets, LOL.
I would scale back on these stocks. The whole premise seems fishy.
T
i'll be in reno the week of the 19th.
be sure to tip your waitress.
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