Clearwater Seafoods Inc. | StockChase
115
Clearwater Seafoods Inc. (CLR-T)

Last Price Recorded: $7.1000 on 2017-11-16

ON STOCKCHASE SINCE Aug 2002

Producer, harvester and seller of premium shell fish

Financial Services

Clearwater Seafoods Inc.



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Date Signal Company Opinion Expert
2017-11-03
COMMENT

CLR-T

$8.900

Clearwater Seafoods Inc.


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

2017-09-28
WEAK BUY

CLR-T

$9.180

Clearwater Seafoods Inc.


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

BULLISH on SMALL CAPS
2017-09-26
COMMENT

CLR-T

$9.000

Clearwater Seafoods Inc.


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

2017-09-26
COMMENT

CLR-T

$9.000

Clearwater Seafoods Inc.


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

2017-09-22
COMMENT

CLR-T

$9.650

Clearwater Seafoods Inc.


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

2017-08-29
TOP PICK

CLR-T

$10.490

Clearwater Seafoods Inc.


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

CAUTIOUS
2017-07-20
COMMENT

CLR-T

$11.200

Clearwater Seafoods Inc.


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

BULLISH
2017-07-14
COMMENT

CLR-T

$11.870

Clearwater Seafoods Inc.


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

2017-06-28
COMMENT

CLR-T

$11.520

Clearwater Seafoods Inc.


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

2017-06-12
HOLD

CLR-T

$11.740

Clearwater Seafoods Inc.


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

CAUTIOUS
2017-05-18
COMMENT

CLR-T

$11.280

Clearwater Seafoods Inc.


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

Financial Services

Matt Kacur

President

CAUTIOUS
2017-05-05
HOLD

CLR-T

$10.490

Clearwater Seafoods Inc.


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

2017-03-27
HOLD

CLR-T

$10.490

Clearwater Seafoods Inc.


It paused after a nice little run over the last year.  Earnings growth was solid.  Investors are concerned about the debt level.  It is a high quality company. Don’t expect a lot in the short term.

Financial Services

Peter Hodson

CEO & Head of Research

OPTIMISTIC
2017-03-22
COMMENT

CLR-T

$10.510

Clearwater Seafoods Inc.


Has very valuable harvesting seafood licenses, and very dependent on the US$. When the dollar is strong, they do well. Very capital intensive, as ships are expensive to buy and maintain. You really have to look at the free cash flow generation over a long period of time. The stock has been treading water for the last few years. Not something he would put in his portfolio.

Financial Services

Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr

2017-03-10
COMMENT

CLR-T

$10.210

Clearwater Seafoods Inc.


Feels the volatility has to do with the trading and lack of liquidity. This name flies under the radar of a lot of institutions. It doesn’t trade a ton of stocks, and if an institution wants to get in or out, the stock tends to get moved around. The latest numbers were probably a little weaker than what the Street expected, but the sentiment was so negative before that. Longer-term, it is an interesting business. Seafood and protein demand, specifically for Asia, continue to increase. It is close to a monopoly in as far as the fishing licenses are concerned. This is one that you Buy when everyone hates it, and Sell when everyone loves it.

Financial Services

Bruce Campbell (2)

President & Portfolio Manager

OPTIMISTIC
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