Alico: Thesis Playing Out; Maintain Buy
Alico(ALCO) seekingalpha.com·2024-05-21 19:31
Blueplace/E+ via Getty Images With Alico (NASDAQ:ALCO) recently reporting fiscal second-quarter results, I thought it would be timely to take another look at the company, as it has been several months since I last wrote about Alico. Since my last article, we are well on our way into the 2023/2024 citrus-grove harvest, which should start to see improvements from the Hurricane Ian-induced weakness. Furthermore, the company recently sold off the Alico ranch lands in December, leaving the business as a pure-pla ...