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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

Comment by ErskineReidon Oct 22, 2015 1:40pm
219 Views
Post# 24217171

RE:RE:RE:RE:RE:time for AF and team to get SERIOUS

RE:RE:RE:RE:RE:time for AF and team to get SERIOUSAF has been fairly transparent about the reorg in public. He said having that COO in Texas was like playing the telephone game and he wanted to empower his department leaders by being their mentor rather than their micromanager.

If you read between the lines that means the COO role was a bottleneck and subtracted rather than added value at this stage of the business growth, hence the streamlining. This sounds like a very positive development and seems to have been very well received by people in the industry. The fact that it's been perceived negatively by some investors made it a great opportunity to buyback. That fear will subside when AF shows his proof in the pudding, as he likes to say.
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