when will they learn? Go all the way back to Jos the Dutchman. Marketing guys dont get it. This is an ag/commodity company. Go hire someone from Bunge or Cargill or a seed or fertilizer firm that understands floods, hurricanes, pests, etc.
I laugh every time I read that all A&P has to do is to ditch C&S. A&P no longer has any warehouses and C&S closing / closed the last Pathmark ones. So where are they going to store their inventory? Kroger does not have any warehouses in East and C&S runs Safeway's East Coast warehouses and purchasing!!!! So only possible alternative is SVU and SVU will not give them any better deal than C&S
You are crazy looking at BV when there is so much goodwill and intangibles.....
plus investors discount asset values for cental american assets
CQB has had issues with ethics for years. Where was the original Mr. Corporate Responsibility (the Z-man) while this was going on? Come on, the CFO plus COO, not to mention Manny, the current CRO had to approve these payments. For you newtimers, they had problems in Colombia in the late 90s with paying off customs officials.
They were also under govt supervision under the Foreign Corrupt Practices Act for years.
Word has it that Dole will be entering the business with a jv with a very strong partner...in fact a wholesaler... so there will be an integrated supply cahin
Gulfport down...bananas will continue to come in, but other ports are not as efficient. On top of that, internal logistics disrupted (lots of damaged containers).
If send fruit to FL or DE, will result in higher costs, plus will dump bananas into the wrong market.
Winner will be DM as they were not in MS/LA/AL
With oil prices at highs, and US interest rates inching up, meaning a likely increase in the dollar, I would be very wary of this commodity stock
On top of that, they still are a banana company. I doubt any amount of marketing spending will benefit the bottom line - they tried it before with a bunch of CPG wizards
How much cut fruit are they selling and when will it make a significant impact on the bottom line
Colombia relevations. First of all, CQB has been in/out of rhe place for years. Even if they sell farms, they will still be pulling volume and will have people on ground and will be subject to the same pressure - go back and look at problems in the same country about 5 years ago - it was customs problems then.
Real issue is growth - or lack of it. Banana market is not grwoing and they have gotten big windfall in Euros.
The cut business is a shell - cheap advertising - Dole, FDP and the private label guys are ahead of them
Boy - you guys are reaaly being suckered in on the diversification talk
CQB is esseantially out ov Avos - calavo kicked their ass, not to mention all the other competitors
Pines - small - outside of EU - have been trying for years - have a little bit but not significant and DOLE and FDP again kill them
Deciduous / Grapes - have Chilean deal but ops in Chile are a loser. Not real advatage to give Calif growers, so have never been able to get into the deal
Fresh cut - call back in 5 years - it is small, plus what to they really offer? Again are too late vs the other guys there.
term. It is going to take years for them to generate even significant revenue, let alone profit. 3 to 4 years just to generate $1mm of EBIT!!
Bullet Bob mentioned currently selling pines - made it sound huge - where are they?? Not in North Am,--- selling low quality imports into EU from Africa. Using Other Fresh as advertising ploy --- trying to make company look bigger than it is..