While most companies are going to be showing declining earnings in the coming quarter Chiquita always does best in the first quarter of the year! They could easily make up to $1.00 per share in the coming quarter. Two years ago Cqb's stock was at $14. I know 'cause I owned it then and have for the last 10 years. I'm glad I picked up more when it was around $1.50 recently.
Note to Bondholders - Given the cronyism of AFG (I got burnt years ago on Circle K - an ex CQB guy comuted out there to try to fix it - Just ran up BIG airfare. and Hotel bills), better look out for the 2 Ps - Perks and Parachutes. Loyalty is a far greater virtue than competance.
By the way Stoney probably has insight into parachutes from the old days.
Watching happily from the side for a number of years - Never in but almost got close (good timing)- Info is readily available in this industry - Modigliani's theory of perfect info applies to produce.
mike: cqb had a good week and you have been around this board awhile. when you were buying at $1.50 i wish you would have mailed me and made your case. i sure could have used this weeks run up. grandma and i sold off all but 800 shares purchased at 5. we haven't "lost" cash with cqb other then my beloved dividend. btw, mike, what's your forecast re dividends and my common shares? info i'd like: what is the "Bonita" label on musa Costco uses? who supplies that fruit? leon knows but not sure he's been around lately. thanks all. tony, oregon
Web: I wish I would have been smart enough to buy at $1 but got cold feet! I expect a good first quarter by which time you should be at break even on your shares. I don't know about the dividend due to the prefered shares coming first. It might be awhile before we see the dividend back on the common. Pura Vida.