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Mission Produce Inc T.AVO


Primary Symbol: AVO

Mission Produce, Inc. is engaged in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors and produce wholesalers. It operates through three segments: Marketing and Distribution, International Farming, and Blueberries. Its Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. Its farming activities range from cultivating early-stage plantings to harvesting from mature trees. Its Blueberries segment is a farming operation that cultivates blueberry plants in Peru. It provides value-added services including ripening, bagging, custom packaging, logistical management, and quality assurance. The Company also provides its customers with merchandising and promotional support, insights on market trends and hands-on training.


NDAQ:AVO - Post by User

Bullboard Posts
Comment by ErskineReidon Dec 15, 2014 6:45pm
303 Views
Post# 23233133

RE:Making an argument for AVO...since Q3.

RE:Making an argument for AVO...since Q3.I agree with your argument. AVO will get a significant boost from a weak CAD and recovering US economy. While there are lots of positive factors to help AVO show good numbers throughout next year, it's even more fundamental however. AVO was never worth $34 last year and neither is it worth $16 right now. Its true value lies right in the middle but the market always overreacts in cycles of fear and greed. The only thing keeping the SP down is lingering fear and overanalysis of what caused this year's drop. In my mind AVO was a victim of its own success. Demand became too great when it joined the index as one of Canada's fastest growing large tech company, pushing the price far above a more reasonable $25 target at the time. As soon as they announced the huge $29 bought deal, I shorted it as a hedge to freeze my large position since I wanted to delay tax implications. I never expected such a drop but you could tell all institutions that needed to buy for indexing purposes had already done so and were no longer supporting the SP. Things have turned around since then and people are just waiting to see who invests first. I took profits from options and added more shares to my position recently. Realistically, most big funds adhere to strict guidelines and need to see recovery on the technical analysis side. My advice is to ignore the tax selling noise and let the weak hands drop out due to oily fear, then next quarter when it crosses over the $21.75 long-term average it should take off as demand once again overwhelms supply. Investors never want to miss the boat but never want to board first, sadly. It will be a bumpy ride but fundamentals always win over time. GLTA
Bullboard Posts