any of you young Wall Street whippersnappers got an opinion on the upcoming earnings call ? based on the one fella who posted the link to fishmeal prices, there appears to be a $300-4000 rise this year. considering that OmegaP says they caught more tons than ever so far this year, a body might reckon that they are sellin' all that new fishmeal at these high prices. if thats the case, wouldn't all $300 of that price = net profit ? and if thats the case, can we assume 1/4th of the normal annual production (>100,000 tons) or 25,000 quarterly tons is getting $300 more in profit ? that would be $7.5MM in extra quartely profit. i'm just a novice, and i'm sure losts of things could eat away at the $7.5 million --- guess i'm' just asking for someone smarter than me to do the calculation.
Boyne, MI golf - a nice place to go in July. it was warmer than normal, but still 15 degrees cooler than HotLanta.
i had a couple years in a one room schoolhouse back in the 50's before big govt helped us backwoods folks with a multi-room brick building .... i remember the teacher having the word of the day on the chalk board upon arrival every morning.
For today's OME class, the word of the day is Accumulation. And everyone will be required to use it in a sentence .... "Yes 'golfie" said Ms Effingham, "i see your had raised, what is your sentence?"
Accumulation of OME stock is evident in 2x volume only 2/3 of the way through the trading day and is a result of some out of touch investors final recognizing higher global fishmeal prices.
and in verb form: Those that accumulate OME stock are making my preduction of the $6.37 bottom a reality.