Clearwater Seafoods, $8.31, symbol CLR on Toronto (Shares outstanding: 50.9 million; Market cap: $423.4 million; www.clearwater.ca), is one of North America’s largest seafood companies and the largest holder of shellfish licenses and quotas in Canada.
The stock has moved up from $5.90 at the start of November 2013 after the company released its results for the three months ended September 28, 2013. Revenue rose 12.2% in the quarter, to $114.0 million from $101.6 million a year earlier. Earnings per share jumped to $0.48 from $0.30.
Clearwater’s long-term debt of $238.6 million is a somewhat high 56.4% of its market cap. That adds some risk. However, the company has been able to refinance to cut its interest rates and extend its maturities, so it should be able to handle its debt payments.
Seafood demand is rising with a growing world population, shifting consumer tastes toward healthier diets and the rising wealth of middle class consumers in emerging economies. That’s good for Clearwater, though…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Information from Other Sources: For reasons such as improving personalization of our service (for example, providing better product recommendations or special offers that we think will interest you), we might receive information about you from other sources and add it to our account information. We also sometimes receive updated delivery and address information from our shippers or other sources so that we can correct our records and deliver your next purchase or communication more easily.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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Legal Notices and Disclaimers
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