Opinions
Michael Smedley
Limoneira Co
LMNR-Q
COMMENT
Oct 30, 2015
$16.460
Stock price when the opinion was issued
agriculture
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(Top Pick Mar 24/15, Down 43.57%) This is the general US market in descent after Canada made its descent. It is building the production of oranges. Once you are into climate you are into problems. They have immensely valuable land holdings. They are venturing with a company to develop homes. He continues to hold it and be patient. They have great holding in water rights in California also.
agriculture
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A very major lemon producer going back 7 generations. Also, produces oranges, avocados, pistachios and cherries. He senses that this was revitalized a year ago. There isn’t too much interest in the stock.