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JPL

Omega is bleeding

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Unfortunately, this means they may INCREASE efforts in NJ waters this year. They can not stop the soybean farmers or South American boats from flooding the markets so they will probably try to sell more product at a lower price to make up the difference.

 

 

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Some interesting reading at the Omega Protein Yahoo stock message board.

 

These people are posting the same articles as us (such as reduced crabbing harvest in Maryland being blamed on lower menhaden stocks resulting in rockfish targeting crabs) Except these investors have a slightly different take on the situation.

 

Perhaps if the ivestors knew of SDOW, they would sell their stock!

http://messages.yahoo.com/bbs?action...22&sid=8729322

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Sorry to burst your bubble's guys, but Omega Protein looks like it's going to be around for a while. Looking at it's balance sheet, their current ratio is 3:1 That means they have three times as many current assets as current liabilities. They can weather short term down turns in profitability. Also, they have total assets of $160 million vs. total liabilities of $33 million. That's a pretty strong Balance sheet guys frown.gif

 

I retrieved the above details from the link provided by JPL.

 

Sorry for getting technical on youse guys... Where's Spring??? I need to fish soon!

 

 

JimK

 

[This message has been edited by JimK (edited 03-30-2001).]

 

[This message has been edited by JimK (edited 03-30-2001).]

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There's always an accountant in the crowd! All the more reason for strength of resolve.

 

Winston Churchill asked someone why an english bulldog had a short, stubby snout.

He reasoned "so it can breath while holding on to it's bite". On dogs...

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