Chiquita (CQB): Q2 EPS of $0.27 beats by $0.09. Revenue of $833M (-4.3% Y/Y) beats by $10M....


Chiquita (CQB): Q2 EPS of $0.27 beats by $0.09. Revenue of $833M (-4.3% Y/Y) beats by $10M. Shares +8.9% AH. (PR)
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  • satyr
    , contributor
    Comments (1530) | Send Message
     
    The bigger news may be that the CEO is stepping down. While he has been credited for taking CQB in a positive direction in a number of areas, it seems like the company needs a jolt. Among other things, we may see them to sell off their salad business next year, or possibly "seek strategic alternatives".

     

    The brand alone makes it an interesting acquisition for some of the multi-national food outfits. Could be an interesting wager at these levels, but I would not bet the entire farm.
    7 Aug 2012, 10:21 PM Reply Like
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