Following our visits to shrimp farms in which TUF has equity stakes, we believe that the Thai shrimp industry bottomed out in 1H13 and is in recovery mode. Shrimp farmers now have an improved success rate at dealing with EMS disease. TUF's shrimp-raising associates started using bio-plus bacteria to consume food that normally would have been eaten by EMS bacteria, boosting farm output during the past three months. Our TRADING BUY rating stands, premised on an ongoing 2H13-FY14 operational shrimp recove