bkballa

how is it different from ags

bkballa

It’s investing in the meat in the sense that fish is a commodity.
If it is strictly farming, it’s not that capital intensive. If the company also does processing, that can be more capital intensive.
It’s a poor business because it is seasonal with large swings in yield (weather, disease, etc.) and is inherently low margin with poor cash cycles.
There are several public companies that do this, and the few I looked at all seemed sketchy (tilapia farming in rural China, etc. – sketch).
Edit: Just pulled up the chart for HQS which is the one I looked at before and passed on. That didn’t work out too well for anyone long the stock.