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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 elmothefearlesson Aug 23, 2014 5:29pm
248 Views
Post# 22872232

RE:RE:RE:RE:sentiment change?

RE:RE:RE:RE:sentiment change?abolduc3106, thank you very much for your response.  I woke up from a stint with my good friend Grey Goose last night and decided rambling on the AVO bullboard was a good way to start the day.  I did not expect a response but yours was very informative and well written.  Thanks for crunching some of the numbers too.  Although maybe I'm missing something but if we are running at a $500 mm run rate on an EBITDA margin of 20% - 25% wouldn't we be looking at a 6-7x EV/EBITDA multiple in 2016.  We're sitting on about $200 mm positive working capital which puts us at an EV of ~$700 mm.  Am I missing something?  I believe you quoted ~7-9x.  Actually after adjusting for 2015's cash flow of I don't know maybe $50 million it would be under 6-7x.  

I am going to check out that video surveillance video you linked .. cheers.
Bullboard Posts