GFC - 09 Tassel delivered an excellent result. Salmon sales volume rose 21.5% and revenues up 22%.
Outlook:
People in Western countries are starting to recognise health benefits associated with Salmon, there is also a growing acknowledgment of the importance of farmed fish.
Tassel is the the dominant salmon producer in Aus, with 65% domestic marketshare,
They are also predicting to be in the world's top 10 salmon producers by 2015.
I have had an interest in the stock for a few months and been watching it drop quite a bit these past few days.
Would be interested to gain feedback from some long term holders on how the company is managed etc.
Seems like a good buy with prices under $1.7
Cheers,
Steve.
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