Tassal results good for CSS, page-7

Hi herbalist,

That cost doesn't include the fixed cost base. We know that at 1,500 the company is break even so anything sold over 1,500 will achieve the $5 profit margin.

5 x 1000 x 1500 = $7.5m, so multiple is over 11.

This is just management's forecast and actual profits may turn out to be lower. For a similar multiple you could buy CZZ, based on this year's results, less risk and paying a dividend.

I used to hold and think the new CEO has done a good job so far. Weak dollar will help and industry trends are favourable but I think the share price has got a bit ahead of itself.