Professional
Added to YB: 2025-11-20
Pitch date: 2025-09-30
CVGW [neutral]
Calavo Growers, Inc.
-16.64%
current return
Author Info
No bio for this author
Company Info
Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesale customers worldwide.
Market Cap
$368.7M
Pitch Price
$25.72
Price Target
N/A
Dividend
3.87%
EV/EBITDA
8.82
P/E
27.51
EV/Sales
0.48
Sector
Food Products
Category
turnaround
Heartland Value Fund Portfolio Holding: Calavo Growers, Inc.
CVGW (holding update): CEO returned from retirement, aligned w/ equity grants vesting above current price. Exiting low-margin business, focusing on prepared guac (10% sales, 2x gross margin, +40% YOY growth). Plans to double guac biz in 2yrs. $32/share unsolicited buyout offer July. Downside protected by $3.50/share net cash + $3/share potential Mexican tax resolution.
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