2024-07-09 18:01:48 ET
Summary
- The company reported an increase in revenues and operational EBIT for 1Q24, with expectations of high harvest levels and growth until 2026E.
- I'm a long-term shareholder of Bakkafrost with an initial stake of 200 NOK per share, expecting quadruple-digit share prices for a superb return.
- I added more Bakkafrost shares at 540 NOK due to the positive outlook on the company owning 50%+ of fish farming licenses in Faroes.
Dear readers/followers,
I've been a very long-term shareholder of P/F Bakkafrost ( BKFKF ) ( BKFKY ). My initial stake of 200 NOK/share still remains in my portfolio, and while the company has "lagged" the broader market for 2-3 years at this point, I believe in an eventual uptick that will see Bakkafrost trading closer to quadruple-digit native share prices, which will see an absolutely superb rate of return for me. This is even considering that the dividend yield for the company is quite poor. I've added at times, rotated some at other times, but this one has been a steady holding in my investment portfolio, and I expect this to continue to be so.
Since my last article in March of this year, the company has seen a decline and moved down to 540 NOK, which is at a level where I consider it valid to add more Salmon exposure to my portfolio by buying more Bakkafrost....
Read the full article on Seeking Alpha
For further details see:
Bakkafrost: I Wish Salmon Would Drop In Price So I Can 'Buy' More