MOWI NO

Mowi ASA

Industrial/Transportation


Presented:05/19/2017
Price:NOK154.60
Cap:$18.49B
Current Price:NOK196.60
Cap:$13.18B

Presented

Date05/19/2017
PriceNOK154.60
Market Cap$18.49B
Ent Value$16.66B
P/E Ratio12.31x
Book ValueNOK43.70
Div Yield4.39%
Shares O/S922.17M
Ave Daily Vol2,705,173
Short IntN/A

Current

PriceNOK196.60
Market Cap$13.18B
Mowi ASA is a seafood company, which offers farmed salmon and processed seafood to customers worldwide. The company also offers value added products such as coated seafood, ready-to-eat meals, delicious finger food and smoked seafood. It operates its business through three business areas: Feed, Farming and Sales, and Marketing. The Feed segment comprises first feed plant, located in Norway. The Farming segment engages in the farming operations in Norway, Scotland, Canada, Chile, Ireland and the Faroes Islands. It also engages in the processing activities and some filleting activities. The Sales & Marketing segment consists of two operating sub-segments: Markets and Consumer Products. The Markets sub-segment engages in the sale of its primary processed products obtained from the farming business and also purchased from third parties. The Consumer Products sub-segment engages in the European secondary processing and value added operations, as well as end-product sales, including logistics. Marine Harvest was founded on May 18, 1992 and is headquartered in Bergen, Norway.

Please note, on 1/1/19 Marine Harvest ASA (MHG NO) changed its company name and ticker to MOWI (MOWI NO). The content of this idea will make reference to the original company name and ticker symbol.

Publicly traded companies mentioned herein: Marine Harvest ASA (MHG NO, MHGVY)

Highlights

The presenter is short shares of Marine Harvest (MHG NO, MHGVY), a Norwegian seafood company focused primarily on salmon farming. He states the industry went through years of undersupply due to sea plagues that affected the global salmon supply, which caused profit margins for farmers to skyrocket. As supply returns and prices normalize, farmers like MHG will likely see earnings, and subsequently share price, decline. He thinks it makes sense to open a short position and has a target to cover below 100 Norwegian Krone (NOK).

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Idea Discussion

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