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Why Shares of Fresh Del Monte Produce Inc Turned Brown













By Jeremy Bowman




February 18, 2014 









Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.






What: Shares of Fresh Del Monte Produce Inc (NYSE: FDP ) were getting tossed today, falling as much as 10% after its fourth-quarter earnings report missed the grade. 






So what: The fruit-and-vegetable distributor came up short on the bottom line with an adjusted loss of $0.35 a share against expectations of negative $0.16, but revenues easily passed the consensus of $791 million, climbing 13.3% to $880 million. CEO Mohammad Abu-Ghazaleh said, "2013 was a year of contrast for us with increased sales and strong progress toward our long-term initiatives tarnished by a disappointing conclusion to the year," but said the fourth-quarter loss was due to "higher input costs and lingering issues in our European market."





Now what: Abu-Ghazaleh went on to explain that the company had made a number of changes to deal with the increased costs, including exiting underperforming businesses and making changes to its business model in Europe. 



The fourth quarter is generally a weak one for the produce grower, and considering the top-line growth and management's focus on driving profitability, I'm confident that today's report is just a speed bump and will not affect the stock's long-term performance. Shares had already recovered modestly by the afternoon, trading down 6%.







http://www.fool.com/investing/general/2014/02/18/why-shares-of-fresh-del-monte-produce-inc-turned-b.aspx


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In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST






Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.



However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.




Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.



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Mangoes date back 65 million years according to research ...

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The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




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