It has been a few months since I last wrote about Alico (NASDAQ: ALCO ), the leading Florida citrus grower. My bullish view of Alico was predicated on the value of Alico's vast real estate holdingsAuthor of the Macro Trends & Inflection Points Newsletter. I spent 5 years as a co-founder and hedge fund CIO / manager. Before that, I was a hedge fund analyst/portfolio manager at a leading Canadian alternative asset manager. I write articles as part of my own due diligence on the stocks that I find interesting. ...

FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week. Most importantly, we are grateful that none of our approximately 197 employees were casualties from this devastating storm in Florida last week. The full impact of Hurricane Milton on Alico’s assets and operations is still being assessed at this time, but we believe the lessons learned over the past century, especially since Hurricane Irma in 2017 a ...

I believe that Alico (NASDAQ: ALCO ) currently deserves a BUY rating, primarily due to the company's land value, especially on land that it is in the process of getting entitled. There are several reasons why Alico's stock is currently trading lowerA value investor that's interested in post bankruptcy, NAV, and undervalued micro and nano cap stocks. I only invest in companies that have layers of value behind them, usually with little or no debt.Analyst’s Disclosure: I/we have a beneficial long position in t ...

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 (the “RLOC”) from $25 million to $95 million and (ii) now extends the maturity date of the RLOC to May 1, 2034. The RL ...

Counter/DigitalVision via Getty Images As the population and jobs continue to flock to Florida, land is becoming increasingly scarce and valuable. Prologis (PLD) just paid $378 per foot for a teardown and rebuild in Miami-Dade County. Miami-Dade is the epicenter, but much of the state is experiencing similar trends directionally. Given the land scarcity, we have been looking at ways to increase exposure to Florida real estate and particularly Florida land. Alico (NASDAQ:ALCO) is arguably the cheapest wa ...

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. Last night, the company issued a press release announcing its results for the third quarter ended June 30, 2024. If you have not had a chance to review the release, it is availabl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 or o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________________ to _________________________ Commission File Number: 0-261 ALICO, INC. (Exact name of registrant as specified in its charter) Florid ...

Exhibit 99.1 Alico, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended June 30, 2024 Fort Myers, FL, August 5, 2024 - 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: • The Company previously announced that it entered a new three-year agreement to sell oranges to Tropicana at prices that are approximatel ...

James O'Neil/DigitalVision via Getty Images Times aren't the easiest for discount-minded value investors. With the stock market surging, almost all of the traditional value plays are trading at higher multiples than they usually are, and floating around 52-week highs. That's not to say there aren't still deals to be had, but we have to look harder to find them. Today, we're going to be looking at a stock that has been popping up in a lot of my screens lately, Alico. Inc (NASDAQ:ALCO). The company is a citru ...

FORT MYERS, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that the Company will release financial results for the quarter ended June 30, 2024, on Monday, August 5, after the market close. The Company will host a conference call to discuss its financial results on Tuesday, August 6, 2024, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-800-343-5172 in the United States and 1-203-518-9856 from outside of the ...