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Chiquita Brands

images[1]Banana king Chiquita Brands (CQB) is trading just under $10, but some analysts believe it is undervalued and expect the stock to ripen to $15 per share.

Although Chiquita Brands stated lower-than-expected earnings for the third quarter, which pushed the stock lower, its revenues increased slightly from $716 million to $723 million. A new CEO, Edward Lonergan, has experience turning companies around.

In addition to its business sourcing, distributing and marketing bananas, the company’s Salads and Healthy Snacks division markets includes ready-to-eat, packaged salad ingredients, other healthy snack items, fresh vegetable and fruit ingredients used in foodservice and processed fruit ingredients.


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