Clearwater Seafoods Inc. (CLR-T) Stock Predictions - Stockchase
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134
Clearwater Seafoods Inc. (CLR-T)

ON STOCKCHASE SINCE Aug 2002

Producer, harvester and seller of premium shell fish

Financial Services

Clearwater Seafoods Inc.

CLR-T

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Clearwater Seafoods Inc. (CLR-T) SAVE Apr, 24, 2019, 5:07 pm

5.05 0.05 (1%)

What the experts are saying about CLR-T



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Signal Opinion Expert
DON'T BUY
He used to favour this stock. Its challenge--and demise--is the debt it takes to operate this kind of company, like the costs of clam vessels. The balance sheet got hit. Now, CLR is recovering, but you don't want to own a company with heavy debt at this point in the cycle.
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He used to favour this stock. Its challenge--and demise--is the debt it takes to operate this kind of company, like the costs of clam vessels. The balance sheet got hit. Now, CLR is recovering, but you don't want to own a company with heavy debt at this point in the cycle.
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James Telfser

Partner & , Aventine Management ...

Price Price
$5.300
Owned Owned
No

DON'T BUY
Likes it. Excellent managers. But they've run into problems, including a big acquisition a few years ago that's fallen short of revenue expectations. Another one, they took on a lot of debt, which still worries him.
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Likes it. Excellent managers. But they've run into problems, including a big acquisition a few years ago that's fallen short of revenue expectations. Another one, they took on a lot of debt, which still worries him.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$5.900
Owned Owned
No

WAIT

It has moved up.  There has not been a major resistance level for it to break through.  It is a showme story, though.  Wait for it to get through $6 before getting in.

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It has moved up.  There has not been a major resistance level for it to break through.  It is a showme story, though.  Wait for it to get through $6 before getting in.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$5.620
Owned Owned
Unknown

WATCH

Chart consolidates once in a while. The last one was sideways. This year it's seen a tame uptrend, and is on the verge of breaking the larger downtrend. The lows and highs are getting higher. Watch it--it could break out.

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Chart consolidates once in a while. The last one was sideways. This year it's seen a tame uptrend, and is on the verge of breaking the larger downtrend. The lows and highs are getting higher. Watch it--it could break out.

Financial Services
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$5.840
Owned Owned
Unknown

WAIT

He doesn’t think the new tariffs will hurt the stock because they sell into Europe and Asia. However, the US has opened a lot of fishing areas, which has significantly depressed clam prices. The Canadian government also took away one of Clearwater’s clam licenses and gave it to an indigenous nation. However, there were ethical issues in that process and the license is coming back up for bids. In the meantime, it is going back to Clearwater for a year. That will help. In general, it is a good company that is facing a lot of headwinds. It also has a lot of debt. He isn’t ready to buy YET. He wants to see a turnaround in the pricing of their products.

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He doesn’t think the new tariffs will hurt the stock because they sell into Europe and Asia. However, the US has opened a lot of fishing areas, which has significantly depressed clam prices. The Canadian government also took away one of Clearwater’s clam licenses and gave it to an indigenous nation. However, there were ethical issues in that process and the license is coming back up for bids. In the meantime, it is going back to Clearwater for a year. That will help. In general, it is a good company that is facing a lot of headwinds. It also has a lot of debt. He isn’t ready to buy YET. He wants to see a turnaround in the pricing of their products.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$5.600
Owned Owned
No

DON'T BUY

They used to hold this, but sold it a year ago following a couple of choppy earnings quarters.  They had taken on sizable debt on an acquisition and have yet to see the fishing volume be in line with expectations of the street.  They recently reported 5 times leverage on the balance sheet despite better earnings.  This is not something they are interested in.  

Financial Services
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They used to hold this, but sold it a year ago following a couple of choppy earnings quarters.  They had taken on sizable debt on an acquisition and have yet to see the fishing volume be in line with expectations of the street.  They recently reported 5 times leverage on the balance sheet despite better earnings.  This is not something they are interested in.  

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Mike Archibald

Associate , AGF Investments...

Price Price
$5.280
Owned Owned
No

PAST TOP PICK

(A Top Pick Aug 29/17, Down 46%)  He sold earlier in the year.  They have a fair amount of debt and people thought they had monopolies but recently there were a couple of cases with licenses being awarded to other groups like first nations.  Investors got worried about the balance sheet.

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(A Top Pick Aug 29/17, Down 46%)  He sold earlier in the year.  They have a fair amount of debt and people thought they had monopolies but recently there were a couple of cases with licenses being awarded to other groups like first nations.  Investors got worried about the balance sheet.

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$5.560
Owned Owned
No

DON'T BUY

He exited this about 9 months ago after a couple of bad quarters.  He thinks the majority owners, who hold over 50%, will likely look to take this private at some time.  They have missed several targets lately and he does not like the debt levels as they may trigger covenants in the future.  

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He exited this about 9 months ago after a couple of bad quarters.  He thinks the majority owners, who hold over 50%, will likely look to take this private at some time.  They have missed several targets lately and he does not like the debt levels as they may trigger covenants in the future.  

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$4.980
Owned Owned
No

WATCH

Is it going to break up or break down?  He likes stocks that base for a while and then break out.  The sector has been weak but is now starting to get its legs.  You may want to take a stab at this one although it has not broken its down trend yet. 

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Is it going to break up or break down?  He likes stocks that base for a while and then break out.  The sector has been weak but is now starting to get its legs.  You may want to take a stab at this one although it has not broken its down trend yet. 

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$5.290
Owned Owned
Unknown

DON'T BUY

He has owned this before. The stock has been very tough recently. The business used to have monopoly positions with licenses that protected their investment. Recently, licenses have been awarded to other companies and this puts into question their monopoly position. This had read to a revaluation of the company. The company also has a fair bit of leverage on its balance sheets, and with recent stock performance, it is not in a position to raise capital.

Financial Services
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He has owned this before. The stock has been very tough recently. The business used to have monopoly positions with licenses that protected their investment. Recently, licenses have been awarded to other companies and this puts into question their monopoly position. This had read to a revaluation of the company. The company also has a fair bit of leverage on its balance sheets, and with recent stock performance, it is not in a position to raise capital.

Financial Services
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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$4.670
Owned Owned
No

HOLD

He has a small short in this stock and considers this a hold.  He is concerned about a recent Scottish company acquisition as the margins have not proven up.  There have been some issues with eastern Canadian offshore licenses.  This has led to increased leverage and there is not a lot of excess capital to growth with. 

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He has a small short in this stock and considers this a hold.  He is concerned about a recent Scottish company acquisition as the margins have not proven up.  There have been some issues with eastern Canadian offshore licenses.  This has led to increased leverage and there is not a lot of excess capital to growth with. 

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$4.640
Owned Owned
No

WATCH

He used to follow this closely. He liked the CEO very much. The stock went up like crazy but has come down a lot. He might put it on his watch list again soon.

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He used to follow this closely. He liked the CEO very much. The stock went up like crazy but has come down a lot. He might put it on his watch list again soon.

Financial Services
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Benj Gallander

President, Contra the Heard Inv...

Price Price
$4.250
Owned Owned
No

DON'T BUY

He follows HLF-T but this one is similar.  They had a majority of the clam market and the government put up a new license for it and this company did not win, costing about 10% of their business.  They added debt over the years.  Their margins are falling.  They are a bit behind the ball on this taste mix.  It is hard to get excited about either at this point in time.

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He follows HLF-T but this one is similar.  They had a majority of the clam market and the government put up a new license for it and this company did not win, costing about 10% of their business.  They added debt over the years.  Their margins are falling.  They are a bit behind the ball on this taste mix.  It is hard to get excited about either at this point in time.

Financial Services
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Ryan Modesto

Managing P, 5i Research...

Price Price
$4.760
Owned Owned
Unknown

COMMENT

On the surface it looks like a business with very high barriers to entry, with licenses giving them almost monopoly positions. Also, it’s a capital-intensive business, where they put a lot of money into large ships, recouping it through cash flow earned by harvesting seafood. Historically, they’ve generated high returns on capital, and they’ve been good investments, but in certain periods it leads to a lot of spending, negative free cash flow, quarter to quarter volatility. As a value investor, he likes to see a nice steady cash flow stream. With this one, you have to take a very long-term view. If you can do that, it is a pretty good business.

Financial Services
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On the surface it looks like a business with very high barriers to entry, with licenses giving them almost monopoly positions. Also, it’s a capital-intensive business, where they put a lot of money into large ships, recouping it through cash flow earned by harvesting seafood. Historically, they’ve generated high returns on capital, and they’ve been good investments, but in certain periods it leads to a lot of spending, negative free cash flow, quarter to quarter volatility. As a value investor, he likes to see a nice steady cash flow stream. With this one, you have to take a very long-term view. If you can do that, it is a pretty good business.

Financial Services
0 0 0 0 0
0 comments
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$7.330
Owned Owned
No

COMMENT

On the surface it looks like a business with very high barriers to entry, with licenses giving them almost monopoly positions. Also, it’s a capital-intensive business, where they put a lot of money into large ships, recouping it through cash flow earned by harvesting seafood. Historically, they’ve generated high returns on capital, and they’ve been good investments, but in certain periods it leads to a lot of spending, negative free cash flow, quarter to quarter volatility. As a value investor, he likes to see a nice steady cash flow stream. With this one, you have to take a very long-term view. If you can do that, it is a pretty good business.

Financial Services
0 0 0 0 0
0 comments

On the surface it looks like a business with very high barriers to entry, with licenses giving them almost monopoly positions. Also, it’s a capital-intensive business, where they put a lot of money into large ships, recouping it through cash flow earned by harvesting seafood. Historically, they’ve generated high returns on capital, and they’ve been good investments, but in certain periods it leads to a lot of spending, negative free cash flow, quarter to quarter volatility. As a value investor, he likes to see a nice steady cash flow stream. With this one, you have to take a very long-term view. If you can do that, it is a pretty good business.

Financial Services
0 0 0 0 0
0 comments
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$7.330
Owned Owned
No

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