With a market capitalization of $300 million and a boring business model of growing lemons and avocados, Limoneira Company (LMNR) is heavily undervalued and misunderstood. The company, with vast real estate assets, is significantly undervalued and has several upcoming catalysts that should drive investments into the company's shares.
Limoneira operates under three business segments: agribusiness, rental operations, and real estate developments.
Limoneira remains one of the largest lemons and avocado growers in the United States. The company has 1870 acres of lemons, 1250 acres of avocados, 1700 acres of oranges, and an additional 690 acres for other fruits.
Limoneira's real estate business segment is the one I believe is the most undervalued. The company...