Tag: Maui Land & Pineapple Co

February 1, 2010 General Ag News and Notes Post a Comment

MLP Roller Coaster

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Here is the chart of today’s crazy ride:

Today, as reported by the Wall Street Journal, Maui Land & Pineapple’s stock price went on the skids, untill some sort of stick save in the afternoon New York time, then went on to recover and even top the gains of last week:

FEBRUARY 1, 2010, 12:50 P.M. ET

Maui Land & Pineapple, MetroCorp Bancshares: Biggest Price Decliners (MLP, MCBI)

By MARKET DATA STAFF

Maui Land & Pineapple Co. Inc. topped the list of Biggest Percentage Price Decliners among common stocks on the New York Stock Exchange at midday.

Maui Land & Pineapple, MetroCorp Bancshares: Biggest Price Decliners (MLP, MCBI) – WSJ.com

Here’s a chart of the activity since the 19th of last month:

This is remarkable action in New York from some sleepy little corporation on an Island far away–it’s just Hawaii-Agriculture.com and the Wall Street Journal following this.

January 30, 2010 General Ag News and Notes, Maui Gold Pineapple, Vegtables Post a Comment

What’s Up With MLP?

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Has the announcement that Maui Land & Pineapple (MLP) is completely out of agriculture the reason for it’s sudden turn away from failure? Check out the chart for the Maui Land & Pineapple (MLP) stocks performance for Januay 2010:

Here is a chart for the Maui Land & Pineapple (MLP) stocks performance for the week ending Januay 29, 2010.

Click Here to view the article regarding Maui Land & Pineapple (MLP) being picked one of the “Double Digit Gainers Beating The Dow: MLP, OTIV” at picksthatmove.com on “No News” and wrong/dated information showing awareness of global technicians tracking computers regarding this weeks move.

CLICK HERE to view the chart showing Maui Land & Pineapple (MLP) terrible performance for the last year trending downwards precariously since October towards certain and inevitable collapse until the move this week.

CLICK HERE to view the histogram chart showing Maui Land & Pineapple (MLP) embarrassing performance compared to other related stocks, etfs, etns, and indexes during the last year.

So, is this just a blip? Are investors so soured by nasty agriculture that the news that MLP won’t be getting it’s collective hands dirty in the future enough to rotate it’s stocks plunging direction towards the positive? Or have responsible management strategies brought the company back from the brink?

January 30, 2010 Agricultural Equipment, General Ag News and Notes, Organic Ag, Vegtables Post a Comment

ML&P stock investor taking over Kapalua Farms

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By HARRY EAGAR, Staff Writer

Pierre Omidyar, who invested in Maui Land & Pineapple Co. stock when the company was being pushed in a greener direction, is now supporting a for-profit/charitable combination that is taking over ML&P’s Kapalua Farms, one of the largest organic farms in the state.

Since ML&P also closed its Maui Pineapple Co. subsidiary, then leased much of its land and equipment to the upstart Haliimaile Pineapple Co. this month, the handover takes ML&P completely out of agriculture.

On Friday, Ulupono Sustainable Agriculture Development LLC, a subsidiary of the Ulupono Initiative, announced it would be assuming operations of Kapalua Farms, which not only supplies vegetables and eggs to ML&P’s Kapalua Resort but also conducts research into new methods of producing food on Maui. Ulupono Initiative is a Hawaii-focused social investment organization founded in June with backing from Omidyar and his wife, Pam. He was a founder of eBay, and they now live in Hawaii.

Warren Haruki, chairman and interim chief executive officer of ML&P, said, "We are pleased to partner with Ulupono Sustainable Agriculture Development as they assume operations of Kapalua Farms. Our desire was to find an operational partner that would be able to continue organic farming operations and to maintain Kapalua Farms as a community resource, employer and provider."

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January 29, 2010 General Ag News and Notes Post a Comment

Double Digit Gainers Beating The Dow: MLP, OTIV – sourced PicksThatMove.com

Maui Land & Pineapple Co., On Track Innovations Ltd.

Calgary, AB 1/28/2010 09:28 PM GMT (TransWorldNews)

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Double Digit Gainers Beating The Dow: MLP, OTIV

The hot stock information of the day includes: MLP, OTIV

Maui Land & Pineapple Co. (NYSE:MLP) gained 11.60% to close at $2.79 on no news. Based in Maui, Hawaii, Maui Land & Pineapple Company, Inc., together with its subsidiaries, engages in agriculture, resort, and real estate development in the US. The company operates through three segments: Agriculture, Resort, and Community Development. The Agriculture segment grows and packs, and markets pineapples under the Maui Gold and Hawaiian Gold brands. The Resort segment operates Kapalua Resort’s golf courses, a tennis facility, retail shops, and a vacation rental program, as well as provides certain services to the resort. It also engages in the mountain outpost and a guided zip-line business. The Community Development is a real estate development company.

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January 16, 2010 General Ag News and Notes Post a Comment

NYSE: ML&P isn’t meeting listing levels – The Maui News

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NYSE: ML&P isn’t meeting listing levels

Company has 45 days to offer a way to meet exchange standards

WAILUKU – The New York Stock Exchange has warned Maui Land & Pineapple Co. that it is no longer meeting listing standards.

ML&P announced on Friday that it had received the warning.

The company’s average market capitalization was less than $50 million over a 30-day trading period, and its most recently reported shareholders’ equity was less than $50 million, putting it out of compliance with the stock exchange’s requirements.

Under the NYSE’s procedures, ML&P has 45 days to submit a plan to demonstrate its ability to come back into compliance with the stock exchange’s listing standards within the next 18 months. In the meantime, the company’s common stock will continue to be listed.

In a report filed last month with the Securities and Exchange Commission, ML&P disclosed that auditors updating its annual report in advance of a new stock offering had "substantial doubt" about the company’s ability to stay in business.

The report cited the company’s deep financial losses, weak cash reserves, inability to meet certain financial obligations and a $60 million deficit in shareholder equity as reasons for the auditors’ concerns.

ML&P is hoping to raise up to $25 million in the form of new investment from existing shareholders, an offering that is now pending approval from the SEC.

NYSE: ML&P isn’t meeting listing levels – Mauinews.com | News, Sports, Jobs, Visitor’s Information – The Maui News

January 10, 2010 General Ag News and Notes Post a Comment

Details of pineapple deal are released – The Maui News

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WAILUKU – Maui Land & Pineapple Co. sold its pineapple operation to the new Haliimaile Pineapple Co. for less than a third of its value, according to a report by ML&P.

In the filing dated Dec. 31, ML&P disclosed that it sold Haliimaile Pine its equipment, materials, supplies and customer lists valued at about $3 million for a price tag of $680,000, to be paid over five years.

The agreement, signed New Year’s Eve between the two companies, also granted Haliimaile Pine the exclusive rights to use Maui Pineapple Co. logos and trade names for a license fee based on sales volumes that would be around $20,000 to $30,000 each year.

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