cheap yet?, page-16

re: depth looks shocking-going under $1 hmm a buck a share sounds reasonable

market cap then will be $24m

considering seafood retailing, wholesaleing is a terribly low margin business... just look at global seafood (gsf)... went into liquidation earlier this year... you can understand why they expanded into fish and chips

unfortunately that looks set to be a disaster as well for them, they hardly get anyone approaching at the valley metro fast food outlet... i think they rushed things too much, and could've worked on increasing brand appeal through promotions first...

frankly i'm surprised they're managing $2m profits from selling seafood in QLD alone... they'd be lucky to keep that up i reckon