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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 Awardedon Mar 01, 2016 5:23pm
347 Views
Post# 24610706

RE:not going to make 500k$ by end 2016

RE:not going to make 500k$ by end 2016 Why do you say that Avigilon will not make $500 million by the end of 2016?

For clarification, it is not $500 for the year, but rather a run rate of greater than $125 million per quarter by the end of 2016.

It seems to me that it will be attained.  They currently have sales of $109.1 million for the last quarter of 2015.  That is a current run rate of 109.1 x 4 = $436.5 million and 14.8% over the previous quarter.  As well, $125.0 million is only 14 % above the current 109.1 million.  If they can achieve a 14% increase in 1 quarter, there is a good chance they can do it in 4 quarters.

I don’t think there should be any concern about getting to the $125 run rate.  What is more concerning is whether margins are being lowered to reach it. 

It is time Avigilon paid more attention to the bottom line.  At least their Adjusted EPS guidance is $US 0.66-0.88 (which is about $CDN 0.88 – 1.17 at current exchange rates).

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