2024-02-13 07:08:41 ET
Summary
- Alico is just beginning its recovery from Hurricane Ian, and its current share price reflects the battering the company's operations have taken.
- I believe when you buy Alico, you are buying $33.19 worth of a company per share, and the stock price has been hovering around the $28.00-$29.00 range lately.
- Alico had also planted 2.2 million citrus trees in 2017 that take six to seven years to reach full maturity. These trees mark a significant increase in Alico's grove density.
I wrote my very first Seeking Alpha article this past June on Alico (ALCO) and I am very excited to be able to touch back on one of my previous analyses and see what developments the company has made since I had last written about them. Alico happens to be in an interesting spot currently. In September of 2022 Hurricane Ian's high winds had damaged some of Alico's trees and caused fruit to drop from them prematurely at the start of their 2022-2023 harvest season. This left Alico with an absolutely terrible year last year. Last week, however, Alico just released its financial statements for Q1, which runs through the beginning of Alico's harvest season (Oct-Dec). Now with Alico's Hurricane Ian season finally behind it, will things begin to turn around one of America's largest citrus producers?...
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For further details see:
Alico: Taking A Closer Look At The Company's Recovery Progress After Hurricane Ian