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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 StevieCohenon Mar 01, 2016 6:53pm
246 Views
Post# 24610975

RE:RE:RE:RE:RE:RE:RE:Fourth Quarter

RE:RE:RE:RE:RE:RE:RE:Fourth Quarterya, and the MAIN reason the margin decreased was because they brought on the US plant which is clearly not near capacity since both plants can handle roughly $500 mill of yearly rev.  Margins will get better with scale as they increase production clearly...well positioned for the future, and call was good.  If you sell you're clueless and didn't look into anything.  Maybe if it was trading over $30 still but it's friggin in the $13's with expected EPS over $1 this yr.  Don't see how it could possibly break $11.50 support when it didn't even attempt during all the recent market selloffs, so ya, shorts can't hold on if they are unrational.  Easy buy and hold with limited downside risk ( $11.50 support--would put stop in at $11.15 because anything can happen I guess...)  ALSO from a technical perspective, the two last days broke out upward on increased volume, completeing a diamond bottom! 
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