Harvesting Value With Fresh Del Monte Produce

Steve Harris
181 Followers

Summary

  • Fresh Del Monte stock price has declined precipitously since its peak in November 2016, yet shareholder equity has increased.
  • The company's current stock price is trading at a 40% discount to book value and only .25X sales.
  • Although no immediate catalysts are on the horizon, the present CEO is 80 years old. A new management team or a private sale could provide substantial upside from current levels.
  • Management owns 37% of shares outstanding and is therefore firmly aligned with shareholders.
Heart symbol. Only fruits

RomarioIen/iStock via Getty Images

About the Company

The Del Monte brand has been in existence since 1892. Fresh Del Monte Produce (NYSE:FDP) is a vertically integrated, global organization operating in more than 80 countries. The company owns and leases approximately 99,000 acres of farmland, used for

This article was written by

181 Followers
Independent investor with over twenty years of trading experience across multiple asset classes. My main focus is on equities and fixed income with an emphasis on deep value and special situations. A former derivatives trader at top-tier U.S. financial institution.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of FDP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am currently long FDP. I may buy or sell FDP at any time. This is not a recommendation to buy or sell any of the securities mentioned

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About FDP Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on FDP

Related Stocks

SymbolLast Price% Chg
FDP
--