Typical report which shows the manufactured numbers that are traditionally released in the second quarter. Too many "good" things, offset by too many "Bad" things, yet still manage to show an increase over the prior year.
How much more can there be in costs related to strengthening the core production assets. I mean, we've been seeing that line for 5 years now. So, if there are charges that are still being taken now, how much is left. I mean after some of the prior years, how much is left to write off for Colombia, Honduras, Panama and other non Latin American investments???????????????
94Million in profit by Q2 does not bode well for Q3 and Q4 when the comapny usually sucks wind. You're looking at a probably Total year profit of 20-30 Million. Hardly a huge return for 2B in sales.
This thing stinks more and more every day, and the same people are running the show. It's time for a major move and the first place to start is at the top. Paz, Kistinger, Warshaw, let's see some action, except in the number of options and bonuses you get.
Although the market was down overall I thought the Chiquita earnings report was decent so the stock should have held up better. I believe last year bad results in the 3rd and 4th qtr hurt full year earnings. I intend to hang on hoping it won't happen again (terrible 3rd & 4th qtr) this year. Anything decent for the 3rd & 4th qtr, the stock should do all right?