Investors Shouldn't Take the Omega Protein Bait

It's been nearly a year since my last piece on Omega Protein (OME) , an interesting smaller name, if for no other reason than the company's business line. Omega is the leading provider of fish oil, fish meal, and organic fish solubles in the U.S. These products are primarily used for dietary supplements (Omega 3), as well as animal feed. The interesting part (to me, anyway) is the product source, an oily fish (menhaden, or more commonly known as bunker) that the company harvests. If you've ever gone crabbing, it's likely that you used bunker for bait.

Last we left it, Omega was in the crosshairs of an activist investor, Wynnfield Capital, which owned a 7.9% stake at the time and was unhappy with the way the company was being run (the list of grievances was rather long). In June, following a proxy fight, OME shareholders elected Wynnefield's two nominees to the board of directors....346 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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