no concern to TGR, they supply mostly domestic. seafood mongers affected are ones with specific exportation agreements to China. those businesses are suspending operations until the situation clears up. these businesses will store the product live and will not be selling domestically. most of these business have annual supply agreements, what is more probable is a temporary suspension of supply. With another 11 months remaining on most supply contracts most businesses will likely still hit targets. that said I wouldn’t say full immunity, maybe a 5-10% sell off however I’d really only expect a 2-3% financial impact. just hope that this virus is sorted out soon or it probably will start to crunch A LOT OF ASX STOCKS not just TGR. any buying below $4.20 is a daylight robbery, load up if you’re lucky enough happy buying
TGR Price at posting:
$4.30 Sentiment: Buy Disclosure: Held
