“There’s no correlation,” Louis Francoeur, investing manager for Clarke Inc., told IntraFish.
It’s just a good investment, he said.
Clarke is a diversified investment holding company with interests in freight transportation services, international shipping, warehousing, real estate and information technology services. The company invests in undervalued businesses to enhance performance and increase returns, and Francoeur said Clearwater falls into that category.
Last week, Clarke acquired more than 4.6 million shares of Clearwater Seafoods Income Fund, bringing its total holdings in Clearwater to over 5.8
