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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 > earnings
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Comment by hipfneron Nov 08, 2017 11:29am
295 Views
Post# 26925626

RE:RE:RE:RE:earnings

RE:RE:RE:RE:earningsCertainly when AVO took its first run to $34 back in 2014 it was a hyped momentum play. Then the founder/CEO personality grated with his mgmt. team and turnover ensued. He didn't make the investment community feel confident in his leadership either. Then the sideline purpose of a Vancouver building took up the debt.

In the past year it is evident that he's stepped back meaningfully and let the team perform. Their technology is clearly a winner and revenues are growing faster than the industry. Margins expanding.

I loved the (pending) sale of the building - and we can all be impressed that he timed it well and turned a great profit on it.

I continue to be impressed with Canadian technology. Mgmt. not so much. But in this case it appears they've turned the corner and have technical and market leadership.

I'm long.
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