Seafood giant accused of ripping off staff, page-13

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lexismith

97 Posts.

82

04/12/20

10:41

Post #: 49341569
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Originally posted by 1110naga1011: ↑

Not a good look at all if the accusations of underpayment are proven to be true however the only way for the company to deal with the situation is to face the case and deal with the consequences. I don't think the amounts will be material for the company however they should be doing all they can to not exploit workers.

I do think on the long term however this is a great company - shorts might have a bit of action now but they'll definitely be the losers in the long term because the company has got good prospects. It was great to see our local Woolworths selling the Tropico Prawns brand as well - they had 2kg prawns for $50 - a great point of differentiation from all the other brands (there was one other item where seafood was sourced and packaged from Australia) - all the other brands were caught in Northern Australia but packed in Thailand, Vietnam, Indonesia or China. Disappointing to see even the Woolworths brand prawns were packed in Thailand.

I am definitely pro the workers especially if they have been ripped off but confident that the company will survive - will definitely hold long term and will look to acquire more if I get more funds

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Same, Im pro JUSTICE but not sure about AWU if you see their track record. hence the short was up due to the news 3 week ago designed maybe for the weak hands. don't see the instos and the directors selling instead they bought recently when it was 3.66+ ish. Agreed, medium term is FINE, short term is just a game to take money off the spooked holders. hence I think I should short too

TGR Price at posting: $3.52 Sentiment: None Disclosure: Not Held
3 Upvote

1 Great analysis

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