Mission Produce Inc T.AVO

Primary Symbol: AVO

Consumer Defensive Packaged Foods

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

Mission Produce Inc > Several analyst upgrades this am

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Comment by Winston8on May 16, 2017 12:42pm

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Post# 26250292

RE:RE:RE:Several analyst upgrades this am

Well....their "revenue miss" is within the margin of error, and analysts look at EBITDA which is a much better proxy of operational earnings. So no, they did not "lose" $1M in operations - its non-cash items that caused the "loss". Look at how much cash was generated in a seasonally weak quarter....Further GM % was not bad and operational expenses as a % of revs are tracking well so yes, they're starting to see some operational leverage which is what AF has said all along...

Over time the market will start to appreciate more and more that AVO is a software company, and that it has a lot of value in its IP and continued innovation.

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