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Fresh Del Monte Produce Inc. Message Board

  • Emel_ Emel_ Oct 29, 2009 12:53 PM Flag

    Ho-hum, Ho-hum

    Another quarter. Fresh Del Monte reports another profit of 61 cents per share.

    Ho-hum.

    Still trading at a p/e of less 9. Still less than book value also.

    Ho-hum.

    No debt worries like Chiquita and Dole. Debt stands at ~300M currently. Chiquita twice that. Dole - oy vey debt.

    Ho-hum.

    People have to keep eating and Fresh Del Monte will keep growing and supplying the food. Owning their own land (Vertical integration) is such a key.

    Ho-hum.

    WallStreet rallying anything and everything it seems. Fresh Del Monte down for year.

    Ho-hum.

    Message board is, of course, dead too. (Will anyone even read this post?)

    Ho-hum.

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    • I read your post with interest.

      I also bought some FDP back at 14.75 earlier this year.

      Still looks like it has room for further upside.

      Ho hum

      • 1 Reply to hyulpy
      • I get the feeling FDP will not rally the rest of this year. WallStreet will probably only play with the winners for the next two months. For tax purposes. I doubt FDP will sell-off sharply either, but rather trade sideways.

        Looking out into next year and beyond, I see FDP performing much better than market in general. Farmland is more or less dismissed as inconsequential nowadays, but that shall change soon. The vertical intergration is going to be such a key once farmland starts appreciating with the combo of the weak dollar and Asian demands for more food. From my perspective, it's not a question of if, but rather than when.

        So patience.

 
FDP
31.06-0.27(-0.86%)Aug 20 4:03 PMEDT

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