I suspect that it is the DeCosti business. Remember that they put through a domestic price increase last year - I think that held, so it mus be the acquisition.
Certainly the story coming from Mark Ryan is that what TGR learnt from growing the Salmon market, they want to apply to the DeCosti business. There also appears to be some synergies that will go to the bottom line as well. I suspect that this is a 2 to 3 year transformation story.
IMO, they just need to watch the bal sheet and capex really closely.
HT1
TGR Price at posting:
$4.06 Sentiment: Hold Disclosure: Held