Why would you short Tassals *now*?, page-745

Mr Market can be very stubborn from my experience, i held, and could see value in Vocus for years before suddenly it was acquired on a large markup compared to its previous prices.

I suspect it could take quite some time for Tassal to trade on higher earnings multiples, there is perceived risk due to geographic and the single product. The prawn expansion will change that when its noticed.

I suspect a lot of brokers put it in the too hard basket because in some ways Tassal still has a lot of growing up to do as a company, it keeps its card close to its chest, no earnings forecast, doesnt engage with the the industry publicly (eg no submission to the federal aquaculture review, thing), doesnt directly engage critics. They dont report underlying earnings. Its harder for analysts to see whats going on behind those closed doors.

Huon is actually much better at that corporate side of the business than Tassal, but that can be fixed relatively easy.