Added to YB: 2024-07-17
Pitch date: 2024-07-15
ALCO [bullish]
Alico, Inc.
+46.98%
current return
Author Info
No bio for this author
Company Info
Alico, Inc., together with its subsidiaries, operates as an agribusiness and land management company in the United States.
Market Cap
$286.3M
Pitch Price
$25.84
Price Target
N/A
Dividend
0.52%
EV/EBITDA
166.99
P/E
197.21
EV/Sales
18.52
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)