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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

Post by dytrdr100on Nov 09, 2017 6:27pm
493 Views
Post# 26936290

Target >$30

Target >$30I think this stock will hit $25 early next year and over $30 by the end of the 2018 if not earlier. 

They did $0.29 earnings. If you just annualize that and convert to CAD you get $1.49 earnings per share. If you apply the 25x PE that the market is getting that gives you a share price of $37. And AVO should be getting a higher multiple than the market since it is growing a lot faster.

With the Fernandes stink coming off this thing and no shorts left that will be motivated to drag this thing down, I think we are going to see some all time highs. They are still trading at a big discount to their peers even though they have superior product, marketing, sales, etc.
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