CVGW - Calavo Growers: I'm Buying Into The Turnaround Potential Of This Once High-Flyer

2024-04-10 20:12:52 ET

Summary

• Calavo Growers, Inc. is a California-based producer of avocados and other fresh foods, with a history of high stock prices.
• Recent financial results show a decrease in revenues and a net loss, but the sale of the fresh cut business could improve the balance sheet.
• The stock has short-squeeze potential, with a significant number of shares currently shorted, and insider buys suggest confidence in the company's future.

Calavo Growers, Inc. ( CVGW ) is one of the largest producers of avocados, tomatoes, as well as many other produce items and fresh foods like guacamole, salsas and more. This company is based in California and was founded in 1924. It sells to food distributors, grocery stores, club stores, and wholesalers all over the world, with multiple packing and processing centers in the United States and Mexico....

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