Tag: Maui Land and Pineapple

August 12, 2009 General Ag News and Notes Post a Comment

CALAVO fails marketing goals

Calavo Growers (CVGW) has been added to the Hawaii Agriculture Blog “Hawaii Agriculture and Related Stocks Annual Charts” page to show the contrast of their lack of success in marketing fresh pineapple in California with the success of their stock performance.

Calavo Chairman, President and CEO Lee E. Cole on the favorable implications of the sales marketing and distribution agreement of Maui Gold Pineapple for Calavo

“First, we anticipate that sales of Maui Gold fresh pineapples will contribute $25-30 million in revenues to Calavo’s top line in fiscal 2008, as well as become immediately accretive to earnings.”

calavao-vs-mlp
As opposed to Maui Land and Pineapple Company’s Inc (MLP) filed Quarterly Report (10-Q) for the period ended 2009-06-30.

Revenues for the Agriculture segment decreased by 14%, or $749,000, from $5.3 million for the second quarter of 2008 to $4.5 million for the second quarter of 2009, primarily due to a reduction in pineapple juice sales volume and lower average prices for fresh pineapple. Pineapple juice sales represented approximately 5% of the Agriculture segment revenues in the second quarter of 2009 compared to approximately 13% of Agriculture segment revenues in the second quarter of 2008. The Agriculture segment reported an operating loss of $5.0 million for the second quarter of 2009 compared to an operating loss of $4.6 million for the second quarter of 2008. The operating loss for the second quarter of 2009 includes a charge of $1.9 million representing an adjustment to the fair value less selling costs of our property in Kahului that includes our fresh fruit processing plant. The Kahului property is currently held for sale.

August 4, 2009 General Ag News and Notes Post a Comment

Maui Land and Pineapple Company Inc Reports Operating Results (10-Q)

Click for Larger Image
    I Hope there is Pineapple in                Haiku Hawaii Forever!            Click for Larger Image
Maui Land and Pineapple Company Inc (MLP) filed Quarterly Report for the period ended 2009-06-30.

MAUI LAND & PINEAPPLE CO Inc. is committed to the integration of agriculture natural resource management and eco-effective design principles to create and manage holistic communities. MLP’s vision of holistic communities is based on the traditional Hawaiian model of ahupua’a a system of self-reliance based on the artful use of land and water resources to sustain island life indefinitely. MLP is a Hawai’i corporation and successor to a business organized in 1909. Its principal operating subsidiaries are Maui Pineapple Company Ltd. a producer and marketer of Maui-grown pineapple and Kapalua Land Company Ltd. operator of Kapalua Resort a master-planned resort community in West Maui. Maui Land and Pineapple Company Inc has a market cap of $59.1 million; its shares were traded at around $7.25 with and P/S ratio of 0.8. Maui Land and Pineapple Company Inc had an annual average earning growth of 23.6% over the past 5 years.

Continue reading
July 10, 2009 General Ag News and Notes

Weekly Hawaii and Related Ag Stock Report

Maui Land and Pineapple (MLP) weekly performance
mlp090309091009

Alexander and Baldwin (ALEX) weekly performance
alex090309091009

Monsanto (MON) weekly performance
mon090309091009

Archer Daniels Midland (ADM) weekly performance
adm090309091009

PowerShares DB Agriculture (DBA) weekly performance
dba090309091009

PowerShares DB Agriculture Dble Long ETN (DGA) weekly performance
dag090309091009

Market Vectors Agribusiness ETF (MOO) weekly performance
moo090309091009

November 7, 2007 General Ag News and Notes Post a Comment

Calavo Growers, Inc. Comments on the Significance of Maui Pineapple Company Ltd. Distribution Agreement – Business News – redOrbit

 

Calavo Growers, Inc. (Nasdaq:CVGW), a worldwide leader in packing and distributing of fresh and processed avocados and other perishable food products, today commented on the strategic benefits it anticipates from the addition of Maui Gold® pineapples to its distribution system.

On Nov. 2, 2007, Maui Land and Pineapple Co. (AMEX:MLP) announced that its agricultural subsidiary, Maui Pineapple Company Ltd., entered into an agreement with Calavo. Under terms of that agreement, beginning Dec. 1, 2007, Calavo will sell, market and distribute Maui Pineapple Company’s Maui Gold fresh product throughout the continental United States and Canada.

The following is a statement from Calavo Chairman, President and CEO Lee E. Cole on the favorable implications of the agreement for the company:

"Our agreement with Maui Pineapple Company is significant on many levels–strategic, operational and financial.

"First, we anticipate that sales of Maui Gold fresh pineapples will contribute $25-30 million in revenues to Calavo’s top line in fiscal 2008, as well as become immediately accretive to earnings.

"Second, the addition of Maui Gold pineapples to our fresh-product lineup is a strong, natural complement to Calavo’s market leadership in Hawaiian-grown Kapoho Solo papayas. In addition, we sell a range of other tropical-produce offerings from the islands. I am confident to say that, through this significant expansion into the pineapple category, Calavo will immediately become the largest distributor and marketer of fresh commodity produce grown in Hawaii, and am duly proud of the company’s economic contribution to the islands.

Calavo Growers, Inc. Comments on the Significance of Maui Pineapple Company Ltd. Distribution Agreement – Business News – redOrbit

July 30, 2007 Uncategorized Post a Comment

Decisions made with sustainability in mind

The Hot Seat
The Honolulu Advertiser

From politicians to newsmakers to everyday people in the news ? Editorial and Opinion Editor Jeanne Mariani-Belding puts them in the Hot Seat, and lets you ask the questions. So get ready. Let the conversation begin.
Reach Jeanne at jmbelding@honoluluadvertiser.com.

Posted on: July 30, 2007 at 12:02:58 pm

Now on the Hot Seat: Maui Land & Pineapple Co.?s CEO David Cole

Welcome to The Hot Seat! Joining me today is Maui Land & Pineapple Co.?s chairman, president and CEO David Cole.

The closure Maui Land and Pineapple?s canning operation in June marked the end of an era; it was the last canning operation of its kind in the United States. And, as David notes in his commentary in Sunday?s Advertiser, it was also a rite a passage for so many of us here in Hawaii.

David joins us live and will take your questions on his company and the future of agriculture in Hawaii.

With that, let?s chat.

[first question]

Christopher: Can you please explain why Maui Land and Pineapple continues to be a member of the LURF Foundation? Maui Land and Pineapple purports to hold the values of “malama ‘aina, ecology and creating holistic communities.”

With these guiding principles, I have difficulty seeing the association with LURF, which has quietly lobbied against most of the grassroots sustainability issues that have ever come up.

Perhaps with your company’s leadership, you could take LURF in a more modern 21st-century direction?

David Cole: The Land Use Research Foundation has been around since the late ’70s. In recent years, LURF’s focus has become more development-related, although the organization also works with other organizations, such as the Urban Land Institute, Hawai’i Economic Association and the Hawai’i Farm Bureau Federation. One of the goals of LURF is to protect the rights of landowners who are also developers.

As we understand it, LURF has not lobbied, quietly or otherwise, against sustainability issues. In fact, LURF Executive Director David Arakawa has taken a position that is very supportive of sustainability initiatives.

If this not the case, perhaps we should be more engaged in a leadership mode and concentrate more effort another organization?

[last question]

IslandBiz: Aloha, David. I want to say thanks for doing the Hot Seat and talking story with us. I read the article on you recently in Hawaii Business.

Tell us one thing about you that has not been written about that might be surprising, something that would give insight into what kind of a guy you are. Make it a good one!

David Cole: Greetings Islandbiz. My campaign poster for VP of the Associated Students of the University of Hawaii (ASUH) back in the 70’s showed me naked on horseback with the slogan “nothing to hide.”

There you have it!!

CLICK HERE to view the full “Hot Seat” conversation