TGR decline is not just related to post-Covid subdued salmon prices. See the structural decline since Jan2019, it is currently forming fourth rung between $3.30-$3.50 and next week's results may provide impetus to break below to the 5th rung around $2.70-2.90 range.
Fundamentals and forward growth over 2-3years may align with fair price @ $2.80, unless next week's announcement tells us otherwise. In my opinion break below $3 is likely.
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