Added to YB: 2024-07-17
Pitch date: 2024-07-15
ALCO [bullish]
Alico, Inc.
+45.19%
current return
Author Info
Company Info
Alico, Inc., together with its subsidiaries, operates as an agribusiness and land management company in the United States.
Market Cap
$278.2M
Pitch Price
$25.96
Price Target
N/A
Dividend
0.55%
EV/EBITDA
-26.18
P/E
-1.88
EV/Sales
7.50
Sector
Food Products
Category
turnaround
Orange Is the New Black - Alico, Inc.
ALCO: FL's top orange producer, 49K acres. Recovering from hurricanes & citrus greening. New Tropicana contract: 33-50% higher prices for 65% of production. 2.2M new trees planted since 2017, potentially boosting output 27%+. Trading at 0.72x P/TBV, land worth ~$454M vs $113M on balance sheet. Potential for land repurposing, esp. 4500-acre Corkscrew Grove near Fort Myers. Risks: disease acceleration, Tropicana contract, input costs, hurricanes.
Read full article (19 min)