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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 csinc47on Mar 23, 2017 1:42am
107 Views
Post# 26018426

RE:Vancouver Properety

RE:Vancouver Properety@senior, there is no doubt the downtown building is worth a lot of money, my issue is how much is it actually worth (I don't think as much as they thought it was) and Clarence will make the point of whether the capital tied up in the building was better served in other aspects of the business.  I do work downtown Van, I do a little real estate work and one company of ours sells real estate (although I am not really involved).  I will tell you there is more "corporate" vacancy than you might think downtown in many of the office towers.  Plus there are new towers coming online; dont ask me where all the tenants are coming from as of course there aren't a tonne of "big" tenants here like there would be in Toronto.  What I am really driivng at here is I suspect the cpa rates used to produce the estimated valye for the building last year were very aggressive and maybe unrealistic.  Yes there is a lot of Chinese capital floating around but you would be surprised how careful those investors can be, and as you point out a lot of that money has exited Vancouver.  Also, there is huge red tape getting money out of China right now.  I guess my point in all of this is I question whether AVO can get $100m for this property and I am basically saying I doubt it right now.
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