Looks like the drift down continues. It will be interesting to see if TGR follows HUO with a profit downgrade.
HUO dropped 17% on the news that....
an increase in frozen imported salmon products has increased domestic supply. In addition, the ban by Russia on the import of Norwegian salmon has contributed to the supply of imported product into the domestic market.
and
short-term softening of prices in the domestic wholesale market.
Interesting that TGR stated prices are up by $1 per KG, I presume that this would be a small <5% price increase?
comments?
GLTA
TGR Price at posting:
$3.19 Sentiment: Buy Disclosure: Held
