TUF : Show us the tuna

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.

 

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