Fresh Del Monte steigert Quartalsgewinn - 500 Beiträge pro Seite | Diskussion im Forum

[betterthantherest]

Die Bananen von Del Monte kenn ich, aber kann mir jemand etwas zu diesem Unternehmen sagen

[betterthantherest]

Scheinbar gehen die Ursprünge dieses Unternehmens sehr weit zurück.
Kurse finde ich jedoch erst ab dem Jahr 1997.



Fresh Del Monte Produce Inc., incorporated in August 1996, is primarily engaged in the worldwide sourcing, transportation and marketing of fresh and fresh-cut produce. The Company`s products include bananas, pineapples, cantaloupe, honeydew, watermelons, grapes, non-tropical fruits (including citrus, apples, pears, peaches, plums, nectarines, apricots and kiwi), plantains, Vidalia sweet onions and various greens. In January 2003, the Company added tomatoes, potatoes and onions to its product offering. The Company sources its products primarily from Central and South America and the Philippines. Fresh Del Monte also sources products from North America, Africa and Europe and distributes its products in Europe, the Asia-Pacific region and South America. Products are sourced from Company-owned farms, through joint venture arrangements and through supply contracts with independent growers. The Company also has non-produce businesses. These include its third-party ocean freight container business, a third-party plastics and box manufacturing business, its Jordanian poultry business and its Argentine grain business.


On June 26, 2002, the Company acquired certain assets of Fisher Foods Limited`s chilled division from the administrative receivers. The acquisition included three facilities dedicated to chilled fresh-cut produce and bagged and prepared salads.

On September 30, 2002, the Company entered into a sale and purchase agreement to sell its 80% non-controlling interest in Internationale Fruchtimport Gesellschaft Weichert & Co. (Interfrucht), a Northern European distributor of fresh fruit and other produce with an ownership transfer date of December 31, 2002. The transaction closed on December 13, 2002.

On January 27, 2003, the Company acquired Standard Fruit and Vegetable Co., Inc. an integrated distributor of fresh fruit and vegetables, which services retail chains, foodservice distributors and other wholesalers in approximately 30 states. As a result of this acquisition, the Company has added tomatoes, potatoes and other onions to its product offering.

Bananas

The Company`s banana sales in North America, Europe and the Asia-Pacific region accounted for approximately 42%, 31% and 27% of its net sales of bananas in 2002, respectively. Fresh Del Monte produces bananas on Company-controlled farms in Costa Rica, Guatemala, Brazil and Cameroon, and purchases bananas from independent growers in the Philippines, Costa Rica, Ecuador, Colombia, Guatemala and Panama.

Pineapples

Since the 1996 introduction of the Del Monte Gold Extra Sweet pineapple, the Company`s share of the worldwide fresh pineapple market has grown significantly to an estimated 50% in 2002. Pineapple sales in North America, Europe and the Asia-Pacific region accounted for 60%, 28% and 12% of the Company`s net sales of pineapples in 2002, respectively.

From 1996 to 2002, the Company`s production of the Del Monte Gold Extra Sweet pineapple increased from two and a half million boxes to 17 million boxes. The Del Monte Gold Extra Sweet pineapple has a number of highly desirable characteristics such as enhanced taste, golden shell color, bright yellow flesh and a higher vitamin C content as compared to traditional varieties of pineapple such as the Champaka pineapple. The Company`s pineapple business also includes its frozen pineapple operations. Frozen pineapples are used in a variety of preparations, including fruit-based drinks, such as fruit smoothies and frozen dessert products.

Melons

Fresh Del Monte sells a variety of melons, including cantaloupe, honeydew, watermelon and specialty melons, which it introduced to meet the different tastes and expectations of consumers in Europe. Cantaloupes represented over 73% of its melon sales volume in 2002. The Company has become a significant producer and distributor of melons from October to May in North American and European regions by sourcing melons from its Company-controlled farms and independent growers in Central and South America, where production generally occurs during this period.

Fresh Grapes

The Company markets all varieties of fresh grapes, including the Thompson, Flame, Sugraone and Crimson seedless and Red Globe varieties. It obtains its supply of fresh grapes from Company-controlled farms in Chile and from independent growers in Chile, South Africa, Mexico and the United States. Purchase contracts for grapes are typically made on an annual basis. Fresh grape sales in North America and Europe accounted for approximately 80% and 11% of its total net sales of grapes in 2002, respectively. The Company also sells grapes in certain local markets in South America. As with most of its fresh produce, the Company is able to supply grapes to its customers on a year-round basis.

Non-Tropical Fruit

In addition to grapes, the Company sells a variety of non-tropical fruit, including citrus, apples, pears, peaches, plums, nectarines, apricots and kiwi. Non-tropical fruit sales in North America, Europe, the Asia-Pacific region and South America accounted for approximately 33%, 35%, 22% and 9% of the Company`s total net sales of non-tropical fruit in 2002, respectively. A large portion of its citrus is sold in the Asia-Pacific region.

Fresh-Cut Produce

The Company`s fresh-cut fruit products include pineapple, melons, grapes and non-tropical fruit. The fruit the Company uses in its fresh-cut operations are sourced within its integrated system of Company-controlled farms and from independent growers. The Company also offers fresh-cut vegetables, including lettuce, broccoli, cauliflower, celery, various greens and prepared salads. Substantially all of Fresh Del Monte`s fresh-cut products are sold in the United States and the United Kingdom.

Other Fruits and Vegetables

Fresh Del Monte produces, distributes and markets a variety of other fruits, including plantains and mangos, as well as other fresh produce, including Vidalia and other sweet onions. As a result of the January 2003 acquisition of Standard Fruit and Vegetable Co., Inc., the Company has added tomatoes, potatoes and other onions to its product offering. The Company also distributes packaged greens, principally collard, turnip and mustard greens and kale. It sources the fruit items from Company-controlled farms and independent growers in Costa Rica, Colombia, Ecuador and Guatemala. The Company sources its greens primarily from its own farms in Georgia and independent growers in the Southeastern United States.

Non-Produce Products and Services

Fresh Del Monte`s third-party ocean freight container business allows it to generate incremental revenue on vessels` return voyages to its product sourcing locations and as space is available on outbound voyages to its major markets, which reduces its overall shipping costs. The Company`s plastics and box manufacturing business produces bins, trays, bags and boxes. Although this business is intended mainly to satisfy internal packaging requirements, the Company also sells these products to third parties. The Company owns a poultry farm and processing facility in Jordan. It is a provider to retail stores and foodservice operators in that country. In addition, the Company grows grain on leased farms in Argentina, including corn used to supply a portion of the feed requirements of its Jordanian poultry operations. It owns and operates grain silos in Argentina for the storage of grain grown by third parties and the Company, which may be held for future sales.

[Mannerl]

Lesezeichen

[betterthantherest]

Auf dem Yahoo! Board habe ich folgende Information gefunden.



Re: I don`t get it
by: burnedoutprof (52/M/Bermuda Triangle)
Long-Term Sentiment: Buy 05/01/03 02:35 am
Msg: 4783 of 5080

There are a lot of "issues" hovering around the stock and it was vulnerable to a short attack. (offshore, controlled by a Jordanian family, a lawsuit from a Mexican mafioso who owned and sold the company several years ago, an informal SEC inquiry, brand name shared with a Del Monte canned goods company that has merged into Heinz, a spat with an analyst two cc`s ago, IR nonexistent).

The company has a real business as you can see every day in your supermarket, most of the "issues" above are probably spurious (or irrelevant to the present), and the offshore status keeps the tax rate extremely low. There is, however, some concern about future competition, especially from Dole (which is going private), to a lesser extent Chiquita.

FDP has dominated fresh melons & pineapples and to some extent bananas, has a truly international business, is spreading into other produce categories, and has a management obsessed with operations (rather than PR).

Where else can you get such entertainment value while your investment grows?

[betterthantherest]

Scheine mit meiner Einschätzung nicht schlecht gelegen zu haben.


Reuters
Fresh Del Monte shares rise after recommendation
Monday June 2, 12:00 pm ET


CHICAGO, June 2 (Reuters) - Fresh Del Monte Produce Inc (NYSE:FDP - News) shares leaped more than 12 percent on Monday after a portfolio manager recommended the stock on national television.
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Shares of the fresh produce company were up 11.31 percent, or $2.35, at $23.13 at midmorning on Monday at the New York Stock Exchange (News - Websites) but were up more than 12 percent earlier.

On Friday, Andy Pilara, portfolio manager at RS Investments, a San Francisco investment management firm, recommended the stock on Louis Rukeyser`s Wall Street television show, the show`s Web site said.

"I think that is the thing that drove it," said Heather Jones, analyst with BB&T Capital Markets, of Pilara`s recommendation.

Much of the buying may be short covering because Jones said there were large short positions in the stock.

Rukeyser`s Web site offered no other details on the recommendation. Attempts to reach Pilara or Rukeyser were unsuccessful.

"It wasn`t any statement by the company," said Christine Cannella, Fresh Del Monte spokeswoman, of the stock`s rise. However, Cannella also said Pilara`s comments may be responsible for the stock`s rise.