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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 snootchybootchyon Aug 16, 2016 4:20pm
360 Views
Post# 25147449

RE:RE:RE:RE:RE:RE:Nervous nellies and shorts.

RE:RE:RE:RE:RE:RE:Nervous nellies and shorts.
StevieCohen wrote: I'm just here to caution people.  I first bought in around $27 when the outlook was vastly different so I'm telling you looking at past stock prices is ridiculous.  They were projecting over $2 eps for 2016 back then and just under $2 for 2015.  Read the md&a and financial statements people.  One year target $8 unless they under deliver AGAIN.  Look at the volume over the last year!  You smashed the 52 week low forcefully.  Think about what that is saying.  The bids coming in all day were from retail guys.


I definitely hear you.  The finacial report was a disaster.  I sold 15% of my position today.  I was very tempted to sell more but in the end, I still believe analytics is the future in the security camera space.  I believe Mr. Fernandes that in today's world, these tools have to be used for prognosis, rather than diagnosis, and analytics is the way to make that shift.  I've been debating this in my head all day but finally decided I was willing to wait another couple of quarters to find out the uptake of the new H4 cameras, the appearance search analytics function, and the IP licensing program.  I may look back on this day and regret not blowing out my position today.
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