Mission Produce Inc T.AVO

Primary Symbol: AVO

Consumer Defensive Packaged Foods

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

Mission Produce Inc

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Post by ErskineReidon Aug 21, 2015 12:25pm

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Post# 24040261

AVO holding despite index funds

As I've mentioned in the past, a lot of the AVO buying and selling is passive, meaning index funds drive the price regardless of what the company is doing. TXHB has been quite correlated to AVO over the last while, with AVO underperforming over 6 months and overperforming over 3 months. However, with the recent sell-off in 5 days TXHB is down 12.92% while AVO is down 3.85% atfer hovering around 0% yesterday. The correlation seems to be ending, indicating there's a lot more active buying than passive selling. Things should get interesting when the tide turns and passive index fund buying resumes.

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