Since 1998, has come and pass.
Banana's have been spoiling, in the bargain basement.
It's time to pick up a case.
And, put some into your cabinet.
This stock has dropped from 230+ to around 13 dollars a share.
Making this International favorite undervalued.
Isn't Her Neck Tired? Carrying All That Fruit On Her Head.
For decades, the lady has been marketed.
Carrying that fruit bowl on her head.
I'm talking about Chiquita Brands International, Inc (NYSE: CQB).
This stock has been beaten up for a long while.
Which is making it a value stock.
Recently, Chiquita has been going through some troubles.
Such as, Paying terrorists to protect its businesses.
The outcome has been, a payment to the SEC of 25 million.
These issues are small.
With a consideration of a longer term view.
Why Is CQB Undervalued? CQB is trading currently trading at $106.
38 revenue/share.
In the past 5 years, Chiquita's revenue as grown 25.
16% on average.
There still is a high demand for Chiquita's products.
Despite, the companies lowered stock price.
We're not just relying on revenue.
To call Chiquita Brands International Inc.
, undervalued.
CQB's price/book value is about 0.
67.
This is about 33% below its shareholders equity.
On the other hand, The company last year was not profitable.
They ran a -2.
29 EPS last year.
Which analysts are estimating.
The company will produce 0.
61 EPS in 2007.
Then, in 2008 Chiquita will produce a 1.
50 EPS.
If the analysts are right by 2008.
The 2008 forward P/E will be 9.
16.
At the current price, as of today.
Following Respected Institutes.
There has been a surge of ownership in CQB.
FMR Coporation, Fidelity Management Research owns about 14% of the company.
As of, the last date reported.
This is about a 556.
0% increase of ownership.
From FMR's filing before the last.
Other respected institutes own this stock, as well.
On 12/30/06 Barclays Global Investors Na owned 4.
7%.
With the likes of ownership from the Vanguard Group.
All owning a piece of Chiquita Brands International Inc.
Which could result, in you owning a portion of the company already.
Without receiving the direct benefits.