Going Bananas - Chiquita Brands

Rick of Value Discipline takes a look at Chiquita Brands (CQB) and determines that "despite the levered balance sheet…the stock appears attractive at current levels." He lays out his reasoning, discussing EU tariffs, produce recalls, banana pricing, and other recent developments. He also discusses the strength of the Chiquita brand and the company's continuing efforts to transform "itself from a pure commodity seller of bananas to a value-added food company with products that carry higher gross profits, have some patent protection, and carry strong brand loyalty."