BIOX - Bioceres Needs To Add Clarity Around Borrowings
2024-03-23 03:24:34 ET
Summary
- Bioceres is an agricultural supply company with growth potential in seed genetics and biopesticides markets.
- The company's 2Q24 results showed revenue growth and stable cost structure, leading to profitability. These were expected, given the Argentinian drought in 2023.
- Concerns remain about the company's high debt maturities and lack of clarity on its debt and refinancing plans.
- The company's valuation is that of a high growth company, and yet Bioceres is not showing a growth trend.
Bioceres (BIOX) is an agricultural supply company with an established position in adjuvants and breaking into the seed genetics and biopesticides markets....
Bioceres Needs To Add Clarity Around Borrowings