Mission Produce Inc T.AVO

Primary Symbol: AVO

Consumer Defensive Farm Products

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

Bullboard Posts

Post by LTOWNERon Jun 26, 2014 5:41pm

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Post# 22698466

Interview Summary

There is phenomenal growth in this industry, today worth $15 Billion globally and growing @ 20% per year
Analog technology is dropping off while HD sales are increasing at a rate of 50% per year
"Very well positioned to exceed our $500 million per year goal"
Good Interview. Patrick Horan, the analyst who believes AVO may be a 5-6 bagger did part of the interview.
CEO Fernandes says the mood at the AGM was very good and pointed out that the stock has had a 500% return since going public 2 1/2 years ago at $4.50.
Future is very bright
AVO is "not feeling price pressure"; gross margins, EBITDA & bottom line is growing
Axis, a competitor on some level but also a partner however, has had a tough time over the past year. Axis sells components, Asian manufacturers are entering the market and Axis is feeling price pressure.
Regarding employee turnover, it is a balancing act to get people to drive things forward to continue getting 100% returns. Turnover is healthy and the company is adding far more than are leaving. There were 8 additions to the executive team vs. 3 departures. Staff has grown to 600 vs 200 not long ago.
The culture is very entrepreneurial, not just about money - if customers are taken care of the money follows.