Thu, Jul 10, 2014, 11:59 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Fresh Del Monte Produce Inc. Message Board

  • Emel_ Emel_ Apr 29, 2010 10:48 PM Flag

    Oh-Oh - Chiquita missed badly

    Reported a loss mainly due to banana weakness in Europe, and BB&T (Heather Jones) was none too pleased. (She was the analyst who downgraded FDP a month ago, in part by saying it was overvalued compared to, yup, Chiquita.) So that, of course, means she'll downgrade Fresh Del Monte again in the morning.

    Ok, maybe that's a little too cynical, but I imagine she'll downgrade Chiquita in the morning, and probably lower estimates and price target for Fresh Del Monte.

    I already expected FDP to miss estimates based on Chiquita's warning in early April. Now, it's probably a given. Pineapples and melons hopefully will offset banana weakness somewhat (also FDP is not as big in Europe as CQB) but still expect a miss.

    Whatever happens, happens. Fresh Del Monte is still best positioned to get through the banana glut least scathed.

 
FDP
30.14-0.12(-0.40%)Jul 10 4:04 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.