Salmon and trout producer TGR is carrying a massive 12.4% short position with the market very concerned that Chinese duties on Australian seafood could hammer the Tasmanian producer. The combination of insider buying in December and a 5% part franked yield are the main reasons we wouldn’t be short this stock and in fact we would be more inclined to accumulate into current weakness as opposed to short.
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Gerrish: The correction is done, we’re positioning for what comes next
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Monday 12th May – Dow down -119pts, SPI up +16pts
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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MM likes TGR into weakness
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Monday 12th May – Dow down -119pts, SPI up +16pts
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
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