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Omega Protein Corporation Message Board

  • rewards23 rewards23 Jul 29, 2003 10:56 AM Flag


    I agree that this stock is starting to become pricy. I belive that there still is upside but currently we are fairly valued. It will be intresting to see Q2 results

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    • I disagree with the shr price being pricey,
      In fact if i'm correct,the Bush Family agrees
      with me.I wouldn't be at all surprised to see
      $10/shr by the end of the season.
      p.s Barring major attacks,catastrophy's,or
      tidal waves...:)imo

      • 1 Reply to psych79431
      • The results for Apr-Jun 2003 for OME could be better than the same quarter of last year, based upon competitive protein and oil product prices (i.e., Soybean Meal and Oil). Prices for these two competitive products were above the levels of a year ago, which could have produced a favorable environment for relatively higher prices for OME products during Apr-Jun 2003. However, it now appears that the conditions are changing for the balance of the year -- an expected very large soybean crop this fall is already creating substantial downward pressure on competitive Soybean Meal and Oil prices, driving these values to levels that are lower than the same period of last year. Based upon this the values of Fish Meal and Oil may be negatively affected for the balance of 2003. The bloom may be off. IMO

13.42-0.15(-1.11%)Jul 2 4:02 PMEDT