TUF : Show us the tuna
March 9, 2011 Leave a comment
On March 6th we said buy TUF near 42 for a move to 46. It hit 46 today, and e think a sell is in order, with a dip back to 44 or so quite possible.
If there is a strong surge past 4650, there might be a ramp to 50 or so, but at such prices the stock is a sell in our book.
We read with interest a comment from a well respected local analysts who said TUF are finding it increasingly difficult to find… tuna. Surely not good news for a Tuna company, but hardly a surprise given monumental over fishing the world over.