China Fishery Group

[Curiousparty]

if we look at the breakdown of sales for 2H of the year, sales were down 33% YoY and operating profits were down 84% YOY.

Wow, is this the start of the downward trend for the company?

Sold at a deep loss.. Regrettably, I did not manage to learn much from this loss. I can surmise it as a trading risk that I had to take (reversion to mean)

In any case, I had serious doubts on the activities of CFG especially after reading the article below. Fundamental stock investors would have simply avoided this company based on the complex nature of the JV with Russia Sea Catching, pre-payment with Perun and then acquisition of 3 associated companies by Russia Sea Catching that were supplying fish to CFG (which I suspect is either Perun or Alastir) based on the other article I shared earlier..

http://www.undercurrentnews.com/2012/11/...-payments/