Clearwater Seafoods Inc. | StockChase
118
Clearwater Seafoods Inc. (CLR-T)

Last Price Recorded: $7.5400 on 2017-12-15

ON STOCKCHASE SINCE Aug 2002

Producer, harvester and seller of premium shell fish

Financial Services
118
Clearwater Seafoods Inc. (CLR-T)

Last Price Recorded: $7.5400 on 2017-12-15

ON STOCKCHASE SINCE Aug 2002

Producer, harvester and seller of premium shell fish

Financial Services

Clearwater Seafoods Inc.


Signal Opinion Expert
SELL

They've had a tough go recently. They missed earnings and sales have been disappointing. Also, doesn't like their balance sheet much, right now. Doesn't think it’s in jeopardy of going under, but they really have to turn around their earnings growth picture, and improve operating performance and drive down costs to get investors interested again. Thinks it is probably dead money for a period of time, until they get 3 or 4 quarters of consistent results. If you own, he would suggest getting out of it and looking at it later when everything looks better.

Financial Services

They've had a tough go recently. They missed earnings and sales have been disappointing. Also, doesn't like their balance sheet much, right now. Doesn't think it’s in jeopardy of going under, but they really have to turn around their earnings growth picture, and improve operating performance and drive down costs to get investors interested again. Thinks it is probably dead money for a period of time, until they get 3 or 4 quarters of consistent results. If you own, he would suggest getting out of it and looking at it later when everything looks better.

Financial Services
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$7.540
Owned Owned
Unknown

DON'T BUY

(Market Call Minute)  It is a very capital intensive business and they lost their monopoly on scallops in the North Sea.

Financial Services

(Market Call Minute)  It is a very capital intensive business and they lost their monopoly on scallops in the North Sea.

Financial Services
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$7.790
Owned Owned
No

COMMENT

This had an amazing turnaround, but it has come off lately. It’s way too expensive for him. He likes stocks that have come off. This company is a leader in its field.

Financial Services

This had an amazing turnaround, but it has come off lately. It’s way too expensive for him. He likes stocks that have come off. This company is a leader in its field.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$7.440
Owned Owned
No

COMMENT

Followed this closely years ago. It was struggling to survive. The numbers did not support him Buying the company, but he really liked management. They seemed to be bull dogs. Wished he had bought this. Management turned things around. He doesn't know their financials.

Financial Services

Followed this closely years ago. It was struggling to survive. The numbers did not support him Buying the company, but he really liked management. They seemed to be bull dogs. Wished he had bought this. Management turned things around. He doesn't know their financials.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$8.900
Owned Owned
No

WEAK BUY

He exited about 5 months or so ago.  They pretty much had 100% of the quotas in Canadian in these shell fish.  The last couple of quarters were half decent for them but the last few years were choppy.  It is coming down to a valuation that makes more sense.

Financial Services

He exited about 5 months or so ago.  They pretty much had 100% of the quotas in Canadian in these shell fish.  The last couple of quarters were half decent for them but the last few years were choppy.  It is coming down to a valuation that makes more sense.

Financial Services
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc...

PricePrice
$9.180
Owned Owned
No

COMMENT

Doesn’t know this well. It used to be on his Stopwatch List at around $1. One reason he liked the stock was because he liked management and thought they would do everything they could to do get out of the major hole they were in. They did it and it had a tremendous run. He doesn’t know the current financials.

Financial Services

Doesn’t know this well. It used to be on his Stopwatch List at around $1. One reason he liked the stock was because he liked management and thought they would do everything they could to do get out of the major hole they were in. They did it and it had a tremendous run. He doesn’t know the current financials.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$9.000
Owned Owned
No

COMMENT

Prefers High Liner (HLF-T) because of protein and the ability to get protein to market. Also, it is a bit of a currency play.

Financial Services

Prefers High Liner (HLF-T) because of protein and the ability to get protein to market. Also, it is a bit of a currency play.

Financial Services
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$9.000
Owned Owned
No

COMMENT

Has just broken down through a very important level. The trend is on the downside. They sell most of their production into the US. The Cdn$ is getting higher, which means margins are getting squeezed and causing the stock to come under some pressure. Also, they had full access to a certain part of the Newfoundland/Labrador area for certain types of fish. Apparently one of the 4 areas has been taken from them to go to the aboriginal community.

Financial Services

Has just broken down through a very important level. The trend is on the downside. They sell most of their production into the US. The Cdn$ is getting higher, which means margins are getting squeezed and causing the stock to come under some pressure. Also, they had full access to a certain part of the Newfoundland/Labrador area for certain types of fish. Apparently one of the 4 areas has been taken from them to go to the aboriginal community.

Financial Services
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$9.650
Owned Owned
Unknown

TOP PICK

Excellent business. They benefit from being a harvester and distributor of seafood globally. Has a very strong position, owning quotas to fish freshwater fish in Canada. The stock pulled back because there were some temporary issues last year. It is cheaper than it has been in a while. Thinks they are going to have a great year in 2017/2018. Dividend yield of 1.9%. (Analysts’ price target is $14.75.)

Financial Services

Excellent business. They benefit from being a harvester and distributor of seafood globally. Has a very strong position, owning quotas to fish freshwater fish in Canada. The stock pulled back because there were some temporary issues last year. It is cheaper than it has been in a while. Thinks they are going to have a great year in 2017/2018. Dividend yield of 1.9%. (Analysts’ price target is $14.75.)

Financial Services
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$10.490
Owned Owned
Yes

COMMENT

The chart shows this is staying below the $12 mark. A lot of indicators are sort of flat. Normally, staples do reasonably well during the summer. At worst, this is going to stick around $11.05. Indicators are right around neutral, but are trying to turn up. You want to get it above the resistance of $11.40, and then you can look at the $12 to see if the troops can get enough force to push beyond that.

Financial Services

The chart shows this is staying below the $12 mark. A lot of indicators are sort of flat. Normally, staples do reasonably well during the summer. At worst, this is going to stick around $11.05. Indicators are right around neutral, but are trying to turn up. You want to get it above the resistance of $11.40, and then you can look at the $12 to see if the troops can get enough force to push beyond that.

Financial Services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$11.200
Owned Owned
Unknown

COMMENT

This is seafood based on very precious permits up and down the East Coast of the Americas. It was very, very prominent at one stage, but he has seen very little on it recently. This is good, because it is in a very special area of exporting very high-quality shellfish to the far east. Very competent people who have world experience in marketing fish.

Financial Services

This is seafood based on very precious permits up and down the East Coast of the Americas. It was very, very prominent at one stage, but he has seen very little on it recently. This is good, because it is in a very special area of exporting very high-quality shellfish to the far east. Very competent people who have world experience in marketing fish.

Financial Services
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$11.870
Owned Owned
Yes

COMMENT

This is in Consumer Staples, which tend to do well in the summer. They are the more defensive areas of the market. The chart shows this is bouncing from its 50-day moving average at $11.13, which is support. If you can pick it up around there, that would be ideal. Technically, it is finding support at its previous high, and is coming back to test its previous resistance. He suspects this will move higher over the next few months.

Financial Services

This is in Consumer Staples, which tend to do well in the summer. They are the more defensive areas of the market. The chart shows this is bouncing from its 50-day moving average at $11.13, which is support. If you can pick it up around there, that would be ideal. Technically, it is finding support at its previous high, and is coming back to test its previous resistance. He suspects this will move higher over the next few months.

Financial Services
Jon Vialoux

Research Analyst, Timingthemarket.ca &...

PricePrice
$11.520
Owned Owned
Unknown

HOLD

The chart is not exactly a trend in stocks.  It has quite the lid at $15.  It looks like there is some support at $9.50.  It is bouncing off it.  There are higher highs, but lower lows and now it took out a low, which is a positive development.  You could see a rebound to $13 and if that breaks then possibly to $15.  He would sell there.  It is a choppy chart and not a trend.

Financial Services

The chart is not exactly a trend in stocks.  It has quite the lid at $15.  It looks like there is some support at $9.50.  It is bouncing off it.  There are higher highs, but lower lows and now it took out a low, which is a positive development.  You could see a rebound to $13 and if that breaks then possibly to $15.  He would sell there.  It is a choppy chart and not a trend.

Financial Services
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$11.740
Owned Owned
Unknown

COMMENT

The company is very consistent and very good. This is a staple, and is probably a very good idea.

Financial Services

The company is very consistent and very good. This is a staple, and is probably a very good idea.

Financial Services
Matt Kacur

President, FSA Financial Scienc...

PricePrice
$11.280
Owned Owned
Unknown

HOLD

Their product is in tight and shrinking supply, and demand is increasing. Asian demand has been picking up dramatically. There has been a cut back in certain quotas which hurt the supply side. It has been 2 years in a row where there has been a selloff in the winter and it has come back in the summer. This is a long-term hold.

Financial Services

Their product is in tight and shrinking supply, and demand is increasing. Asian demand has been picking up dramatically. There has been a cut back in certain quotas which hurt the supply side. It has been 2 years in a row where there has been a selloff in the winter and it has come back in the summer. This is a long-term hold.

Financial Services
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$10.490
Owned Owned
Yes

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