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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Comment by abolduc3106on Jul 06, 2015 4:04pm

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Post# 23895759

RE:RE:RE:RE:Up a lot further than it's been down

I'm not sure where you're getting that Fernandes is desperate to leverage the company.

The average debt to equity ratio for comparable companies is much higher than what Avigilon would en up with if they fully used the credit available to them.

For Q1 2015, the average Debt to Equity ratio for the computer hardware industry was 0.56 and 0.26 for software and programming industry businesses, and the overall technology market at 0.40.

https://csimarket.com/screening/index.php?s=de

Looking at their balance sheet at the end of Q1 2015, Shareholder's Equity was at $323.165M and LTD was at 0. Since then, they've announced that they've drawn $80.3M from the $200M credit facility they've arranged recently.

That puts their debt to equity ratio at 24.8% as of today, so below all the baselines listed above.

I don't see what you beef is. All I see is more B.S..

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