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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 GerritEtmanson Nov 28, 2016 12:39pm
240 Views
Post# 25522330

RE:Sale of the downtown office.

RE:Sale of the downtown office.In the most recent balance sheet, "Building" shows as an asset (long term) of $40 Mio.  The whole "PPE" (of which "building" is one of 4 items) is on the balance sheet at $83 Mio.  If they can do a sale-and-lease back for $100 Mio, the resulting cash improves by a minimum of 17 Mio, but probably closer to $60 Mio; additionally, it moves the whole proceeds from "longterm assets" to "current assets", which is generally viewed favorably in a growth-oriented company culture.
Certainly, the market is (mildly) favorably disposed, as the stock is up 2% on a moderately "down" day on Canadian and US markets.
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