Added to YB: 2024-03-05
Pitch date: 2024-03-01
LMNR [bullish]
Limoneira Company
-15.94%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally.
Market Cap
$255.7M
Pitch Price
$17.74
Price Target
29.28 (+96%)
Dividend
2.12%
EV/EBITDA
-918.83
P/E
-26.10
EV/Sales
2.12
Sector
Food Products
Category
special_situation
Limoneira: Citrus Farmer, Pursuing Strategic Alternatives
LMNR: $330M California agribiz explores sale to address undervaluation. Owns 11,100 acres & water rights. At $18, 60% upside to NAV based on RE & ag comps. 13D holder joins board, CEO open to go private/merge. Challenges in ag biz sale, but genuine commitment. Patience needed, maybe done by late summer.
Read full article (3 min)