2024-06-24 16:57:26 ET
Summary
- Limoneira Company is recommended as a hold following the closing of a trade at $20.64, with potential for future growth, spinoffs, and dividends.
- Recent fiscal Q2 earnings showed a revenue miss but strong earnings, with a focus on avocado and real estate investments for future growth.
- Despite revenue pressure, Limoneira has reduced expenses, improved adjusted EBITDA and net income, and updated guidance for increased avocado volumes and real estate proceeds.
Today we are checking back in on the Limoneira Company ( LMNR ). We continue to think this is a hold here, following closing out a trade in December at $20.64. We also suggested leaving a little profit in the name for a long-term house position....
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For further details see:
Limoneira: Now The Avocado King, With Huge Real Estate Interests