Originally Posted by
BlackPeter
Well, it is on my watchlist, but I didn't yet bite :):
I agree - if Blue Endeavour gets not just approval, but turns out to be successful (which is by no means guaranteed), than they might do very well, indeed.
However - if it does not work out ... then I think they are still ways too expensive for a company trying to rear Salmon in ways too warm waters. The angry crowd of environmentalists does not help either ...
Not that the analysts forecasts are typically worth the paper they print them on ... but according to their forecasted EPS the three year forward PE would be 44. I don't know their working assumptions, but this does not look cheap, isn't it?