great result 2009, page-37

I just listened to report on business spectator on Tassal.

They state the rumour is Webster is reducing their stake, which would make sense given size of their holding and size of the sell-off.

They also stated their recent result of NPAT was broadly in line with expectations....

If Webster is reducing their stake, given the size of their stake and market cap for this stock it will put downward pressue on the share price to support size of fall we are witnessing..

From a fundamentals perspective, Tassal is starting to get into bargain territory, but Websters selldown could be expected to continue to put downward pressue on the share price in the short term until they have finished...