I have read some of your posts. We are on the
same page, so it seems.
I was in Costa Rica in '97.
What a beautiful and diverse place it is. On the top
of my list of "paradises to escape to". WAS the best
place for coffee until SBUX. ( If only CQB had 1/2 the
mgmt SBUX does)
How's the banana crop this
Gyess I'll go celebrate, CQB stayed even today.
that's there toll free
line for voice mail subscribers.
then dial "0", and get to an
Then ask for any of the following:
I wish you the best of luck and I hope that you
yank their chain really good. They need it.
toll free, i've wasted enuff $ , i wont pay for a
This firm had such a strong name jus t
a few years back. It really is a shame that it has
gone to the land of missed opportunity. I would like a
reason to hold what I have left. Anybody think this old
dog will turn around?
I know it's only $, but what
bummer it is.
Though I'm still an investor, this company's
management is disappointing every investor. They have no
concept on what shareholder value is. It wouldn't be so
bad if the Lindners didn't control so much of the
company so that a suitor can come in and add REAL value
with a hostile takeover proposal. They are incompetent
to take advantage of a worldwide name brand. They
don't foster Wall Street recognition.
when this company's stock rises, I intend to liquidate
my small portion unless some material changes take
place at the top.
Chiquita has become a house of
beauracrats interested more in politics than shareholder
I sympathize with you and hope you will learn from
this unfortunate experience as I have.
We've been assuming that for 5 years now. The
only valid assumption is that the L's would screw
anyone to achieve their own goals.
There is no
regard for shareholder's within CQB. Look at this damn
stock, nothing positive to think of, just gradually
sinking lower and lower.
is there any good news
out there at all? Any EU developments. The recent
hurricane damage to the smaller Islands in the caribbean
can not be a good thing, as they will use this to
bolster their claims for relief from the large
Oh well, why should we be surprised.
I think you have to assume that the Lindners
would like to get a decent return on their investment
in Chiquita. Everything is for sale at some price.
Witness the announcement that they sold the commercial
lines piece of their property and casualty company the
other day. That always looked like a core piece of AFG.
It's not what they own, it's what they control.
There is little Wall St sponsorship. Who follows CQB?
One or two minor houses?
I've had some big
positions in this stock thinking the EU problem will
eventually be resolved but what I've discovered is that it's
being used to disguise the ineffiencies in the company.
This is why the "strong hand" investors aren't in the
stock and won't be until there is "real" shareholder
But I do eat their bananas.
The Lindners have taken no money out of CQB for
years and years (read the proxies) since the Europe
quota disaster and barely took a salary before that.
They hold less than 40% of AFG, the public company and
which in turn holds less than 40% of CQB. I doubt that
a 1.5% common dividend yield would represent a
target return to their insurance company
It seems to me they would need to care a lot about
shareholder value in order to get some themselves.
hold some too, and remember that the same management
drove share value from around $3 when they took it over
to the high $40s before the quota hit.
Dole went down 5.75. One of their analysts (Tim
Ramey) put out a report saying they'd get hit by Russia
and dropped his estimates for Q3 & Q4.
Dole's analyst moved their numbers down, but none of CQB
or FDP's changed except for this Ramey
Look around. You'll see people reacting to any sort of
negative news and other stock that have any sort of
exposure to Russia, SE Asia are getting hit whether they
like it or not.
You may want to look at the convertible preferred
stock instead of the common. For example the series B
convertible into 3.3333 shares of CQB which is equivalent to
$15.share. The convertible pays $3.75.share. So above
$15/share the convertible preferred acts like the common.
Below $15/share the price of the convertible is held up
by the dividend. Currently the series B preferred is
yielding 8% annually. If you think CQB has possibilities
for a rise in share price the convertible is a better
way of investing in CQB than buying the common.