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Sunday, 04/10/2005 3:58:24 PM

Sunday, April 10, 2005 3:58:24 PM

Post# of 174877
Here is an informative story that aquafuture posted on hqsm board. Excellent info. Does bring up several questions. Where does hqsm fit into this picture and will falling prices(frozen fillet prices are in freefall) hurt HQSM.ob.

Hqsm mainly exports frozen fillets worldwide. US market is likely one of the main destinations.

Last qtr, hqsm had a big turnaround, posting a .05 profit for q3. There were some one time items in there, but still made around .02. Big drop in prices could hurt 2005 numbers.

From graph, it looks like prices didn't drop significantly until late 2004 but did drop in 2005 from 2.00 range to 1.89.

Deflation ain't so good if your company's main product is involved. Hmmmm. Bobwins



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