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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 Sep 02, 2015 12:14pm
167 Views
Post# 24071929

RE:RE:Buyback

RE:RE:Buyback@Clarence, it's getting risky to short a growing and profitable company at such low ratios since the profit is limited on the downside. Hedge funds have the ability to play both sides and they gladly will follow profits. Back when P/E was near 60x it was a reasonable time to short and I did it myself to insure my position since it was too large to sell quickly. A more conservative 15x P/E puts AVO shares at $27 by next year so I wouldn't bet against that.

The cheap shares available at high volume are a boon to both the company buying back and shorts covering since they rarely get that opportunity. To answer your questions, if hedge funds decide to follow the company they can massage the market the exact same way on the upside so manipulation could continue until volume grows substantially. Last time we hit $13 the stock ended up at $25 within weeks.
Bullboard Posts