Pacific Andes - Good buy!

1. Pacific Andes Holdings (PAH) has a good track record of posting consistent profits since listing. It is also a fairly defensive play under present uncertain market condition as it is supplying a food item that is growing in terms of consumption patterns.
2. Expect better catch quota for 2008, higher efficiency from its recently expanded Peru operation, still strong demand and high fish prices to be some of the drivers for growth.
3. Good dividend yield of 5.3% at $0.39
4. Undemanding valuation.