Thanks for the reply. $4.60 is based on a combination of TA and FA.
P/E of 11 at an EPS is still light for a prime producer relative to its peers , with growth looking better across the next year due to bumper Salmon sizes you could assume we will see further strength to this over the coming year. Agree with the move to the Asian markets and believe thats where the upside will fall for TGR.... in order to due this they have suggesting they would have to sacrifice margin to do so. To handle the thinner margins they will have to increase output to keep the cost down.... Agressive expansion will be good but they need to be ready on the production front to handle it.
Balance sheet can definately handle it if they choose to expand or acquire.
With opportunity for expansion to Asian markets, consistency in results, scope for further acquisitions and strong dividend return. It feels like an exceptionally safe place to expect solid returns over the next year. At the 2017 EPS at $4.60 we will be sitting somewhere around 12.3 PE (which in my opinion is still light). Obviously not a popular industry(Fish) and environmental factors come into play but still the growth and returns speak louder than words
From a TA perspective we have broken out from the $4 resistance. We are pretty much unhindered till $4.50-$460. I dont think between $5.20- $5.50 would be overly unfair in the short term especially if they continue with the juicy divi (Which would be a PE still below 15)
