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Omega Protein Corporation Message Board

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  • psych79431 psych79431 Jul 29, 2003 11:47 AM Flag


    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

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    • 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

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