Alico, Inc. Stock News

Alico owns ~48,000 acres of citrus groves in Florida. Hurricane Milton likely damaged Alico's citrus groves for the upcoming 2025 season. However, the company's current valuation is low compared to the redevelopment potential of the citrus groves into residential real estate.

FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week.

Alico has an abundance of asset value hidden away in the land that it owns. If Alico completes an entitlement of its 4,500 acres at its Corkscrew grove site then the company could see its net asset value increase from $32.01 to $51.13 per share. The upcoming uncertainty surrounding the impacts of Hurricane Milton on Florida may present investors with buying opportunities in the days and weeks a...

FORT MYERS, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”) (Nasdaq: ALCO) announced that, effective September 17 2024, it has amended its Credit Agreement (the “Amendment”) with Metropolitan Life Insurance Company, and New England Life Insurance Company (collectively “MetLife”), which, among other things (i) increases the borrowing capacity under the revolving line of credit (th...

Florida land is becoming increasingly scarce and valuable, with Alico offering a cheap entry at $5,500 per acre. Alico's land value is estimated at $9,000 per acre, suggesting a 60% upside, but realizing this value could take years and face operational costs. Alico's citrus operations face challenges like Hurricane Ian damage and Citrus Greening, but improvements are expected with new deals, gr...

Alico, Inc. (NASDAQ:ALCO ) Q3 2024 Results Conference Call August 6, 2024 8:30 AM ET Company Participants John Kiernan - President & Chief Executive Officer Brad Heine - Chief Financial Officer Operator Welcome to Alico's Third Quarter 2024 Conference Call. [Operator Instructions] As a reminder today's conference is being recorded.

FORT MYERS, Fla. , Aug. 05, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”, the “Company”, “we”, “us” or “our”) (Nasdaq: ALCO) today announced financial results for the third quarter of fiscal year 2024 and the nine months ended June 30, 2024, the highlights of which are as follows:

Alico, Inc is a citrus grower and land management company in Florida, trading near 52-week highs. Alico has strong balance sheets, with high shareholder equity and a price/book value of 0.81, making it a potential value play. Despite risks such as hurricanes and citrus diseases, Alico's recent deal with Tropicana and discount to book value make it a buy for value investors.