Turns out the big problem with Barracuda isn’t going to be Barracuda not being a great villain or the Wall Street betrayal arc not creating great ones either, but Ennis not really having a finish for Frank. Sure, he’s got a concussion and he’s outgunned, but his big plan in this issue doesn’t allow for every contingency. It also goes wrong because Frank gets sloppy—again, the concussion can allow for those mistakes, but shouldn’t he at least recognize it, acknowledge it? After gliding over past tense narration pitfalls, Ennis slips and falls just when he needs to keep it going. Barracuda might seem like an arc about a “guest as tough as Frank” adversary and some scumbag Wall Street types, but it’s really about Frank Castle messing up and apparently not learning from it.

It’s weird.

Especially since Ennis brackets the arc with this open-ended “what’s the only thing more dangerous than a barracuda” bit in the narration. Is it the sharks? There are a lot of sharks in this issue, some fully visualized, some just shadows in the water—both equally awesome, thanks to Parlov. Or is it Frank? Is Frank the only thing more dangerous? Because he’s not. Because he gets caught with his pants down this issue. Again, weird.

But far from a bad issue. Parlov’s art is great, Ennis’s writing is strong in everything else, whether it’s the Wall Street subplot (the boss’s conniving wife and her lover) or Barracuda. Though the resolve does have an unfortunate plot… depression. It’s not a hole, it’s something they needed to deal with in panel not off page. Parlov's implication is fine, it just doesn’t have any dramatic resonance.

Ennis brings the conclusion in all right, albeit with a somewhat fake finish—that dangerous barracuda musing—but it certainly feels like something happened with the Barracuda arc. The Punisher versus Wall Street certainly promised a lot more potential. And it’s not like Ennis is trying to avoid sensationalism—there are sharks eating investors and so on. Something just seems off, like mid-arc changes were made or things just didn’t shake out in the writing.

For the first time ever, Punisher MAX ends up leveraging the art to support the writing. Thank goodness Ennis has got Parlov to do it because Parlov can do it, does do it. Barracuda’s not great (outside the art) and it’s more than a little disappointing, but it’s still good. It’s just good enough instead of superb.

It’s a bridging issue but also not. Actually, there are some major plot developments here, just not much involving Frank. Other than him surviving and deciding it’s time to stop screwing around with the Wall Street guys and just take them out; thanks to Barracuda, Frank’s now taking things as seriously as he should have been before.

He doesn’t have that observation in his narration, but he’s dealing with a concussion for sure and probable brain damage so he’s too exhausted to reflect on the mistakes. He’s also got a time limit. Today’s the day—the Wall Street guys are going out on a boat and Frank’s going to do something to it. Ennis doesn’t reveal what, as next issue needs some surprises, but it involves Frank scuba diving for a bit. Also seagulls pooping on him, because Ennis wants to keep it a little lighter. And Parlov draws great passed out Frank and bird shit.

But Frank’s not in it much. Most of the issue has boss’s wife Alice and her lover (and boss’s flunky) Dermot teaming up with Barracuda. Ennis keeps Barracuda dangerous but starts using him for comic relief too, which would be fine if it didn’t make him seem less capable. He doesn’t think his plans through, eventually scaring Alice enough she decides they’ve got to get rid of him. So Barracuda is double-crossing the boss for Alice and Dermot and they’re going to double-cross him just… because.

As Barracuda’s characterization starts getting iffy, Ennis turns Alice into a much better character than he ever suggested before, which is too bad. It would’ve been nice for her to get all the agency earlier. Well, agency for something other than cheating on her husband with his protégé. And protégé Dermot’s need for a stronger leader comes through here too, even if Ennis doesn’t do much to it.

It’s a perfectly entertaining issue—great art from Parlov—but it’s pretty clear Ennis doesn’t have much more ambition for it than the entertaining. Gone is any character development for Frank and the Wall Street schemers are adequate villains, but far from great ones. Barracuda too seems like a bit of a misfire. It’s impossible to believe he could’ve survived with so many appendages intact given his irresponsible nature.

Instead of a worthwhile foe for Frank, Barracuda’s basically comic relief. Makes you wonder if someone told Ennis not to go so dark with the arc midstream.

This issue makes two things very clear. First, Punisher MAX would’ve been an even more successful book if Goran Parlov had been handling the art chores throughout. His expressions—for the talking heads scenes—are phenomenal. There’s one scene where the big boss is monologuing to his flunkies and it’s just these three guys sitting around an outdoor table at a bar in Florida and it’s sublime. Parlov’s so good.

Especially when you take the second thing into account—everyone should have to fight a shark in a comic. Ennis and Parlov make Frank Castle versus great white shark into an absolutely phenomenal sequence, especially when you throw in the past tense narration not to mention the opening frame establishing Frank doesn’t end up a shark’s lunch. Parlov’s able to keep the situation terrifying and tense, even when the outcome is foregone.

The issue is split between Frank, the shark, and Barracuda, and then the Wall Street guys. Stephens cries his way back in the fold, pissing off Dermot because the boss treats it as a teamwork learning opportunity for Stephens. The weirdest thing about Barracuda is how thoughtful Ennis gets with the workplace dynamics, sure the big boss is a reprehensible piece of shit, but he’s good at managing people and encouraging performance from his staff. It’s like Dale Carnegie with mass corporate fraud, which might just be the natural result of Dale Carnegie.

Anyway, while Dermot’s running off to lover and boss’s wife Alice to lick his wounds after getting shut down, Frank’s trying to will himself to stay alive despite the considerable damage he’s taken.

Barracuda moves between the two plots, finally sitting down with the boss—after terrifying Stephens and Dermot—to figure out what’s next. Since they think the Punisher is dead, which is kind of an obvious mistake but Ennis has already started peppering in holes in Barracuda’s armor. He’s not quite as serious as he ought to be, in a very different way than Frank, who knows he’s screwing up. Barracuda is just overconfident. His bluster actually works really well with the Wall Street guys’ bluster. Barracuda is a relatively simple arc, but Ennis is very thoughtful in its execution. It’s extremely well done.

And Parlov’s just wonderful to have on the book.

Ennis wastes no time getting Frank and Barracuda together this issue. He even goes so far to use coincidence to speed things up—Barracuda’s on his way to New York to take out The Punisher and just happens to see Frank walking off his flight. Dumb luck. And bad luck for Frank, who’s almost completely unprepared for any trouble.

Frank’s narration gets into what he’s done wrong as well as why he’s done it, why he’s let his guard down so much. It’s interesting, engaging stuff, but it’s just priming the reader for the eventual confrontation.

But before Frank and Barracuda can mix it up, Ennis checks in on the Wall Street-half of the story. Number one flunky Dermot is continuing his affair with boss’s wife, Alice, even after she humiliates him—rather amusingly—in public just for a laugh. Even so, it turns out Alice hasn’t just been fooling around with Dermot for his disappointing sexual prowess; she’s looking for a partner. And she’s got him hooked. So they’re busy scheming to throw over the boss.

Their plotting subplot is the most exposition in the comic—until Barracuda gets talking later on—because when Frank wakes up, he and Barracuda just get into a fight. A big, bloody, gloriously illustrated fight. It’s an eight page fight scene, in two parts, with Frank taking out an eye, chopping off some fingers, but unable to even slow Barracuda. And the Goran Parlov art is nothing short of glorious. The way he paces the fight, the panel compositions, it’s superlative. Also very good colors from Giulia Brusco.

The issue ends on a couple cliffhangers, one hard, one soft. While Barracuda is driving his boat out to dump Frank to the sharks—and blathering at him the entire way—Dermot is hanging out with the boss, only to discover the boss has brought Stephens—who Dermot intended to have killed—back into the fold, seemingly cementing Dermot’s decision to plot against the boss.

It’s not a particularly fast read, even though it’s a mix of action (in addition to the eight page fist fight, there are a couple pages of Barracuda running Frank off the road) and abbreviated talking heads. The pacing just works right in both modes. Parlov does a great job with pauses in action or conversation; also time transitions.

It’s thrilling to have such accomplished art on the book.