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Alico, Inc. is a holding company that operates through its subsidiaries in the agriculture, land management, and real estate sectors. Here are some key points to know about Alico, Inc. (ALCO):
* Stock Symbol: ALCO is the ticker symbol for Alico, Inc. on the NASDAQ stock exchange.
* Sector/Industry: Alico operates in the agriculture, land management, and real estate sectors. Specifically, it falls under the Farming and Ranching industry.
* Market Capitalization: As of March 10, 2023, Alico, Inc. has a market capitalization of around $340.4 million.
* Earnings: For the fiscal year 2022, Alico, Inc. reported a net income of $40.1 million.
* Revenue: The company's revenue for the fiscal year 2022 was $181.2 million.
* Growth: Alico's revenue has been steadily increasing over the past few years. The company has made efforts to expand its citrus production, plant more citrus trees, and invest in other agricultural ventures, which could contribute to its long-term growth potential.
* Financial Health: As of August 31, 2022, Alico had a cash balance of $24.4 million and approximately $39.0 million available under its credit line. Its financial position allows the company to invest in its citrus and land management businesses and pursue other opportunities.
* Dividend: Alico, Inc. has a history of paying dividends, paying $0.06 in its most recent quarter. The company has consistently paid dividends over the past few years.
* Executive Leadership: The company's management team includes experienced professionals in the agriculture and real estate industries. Aubrey L. Barron has served as Alico's CEO since January 2020 and previously held leadership positions within the company.
Overall, Alico, Inc. appears to have a solid history of revenue growth and a healthy balance sheet with available liquidity to pursue its citrus production expansion and other business initiatives. Their management team has relevant industry experience. However, like any stock, its performance can be subject to factors like market sentiment, the agriculture industry's cyclical nature, and other potential risks. Therefore, conducting thorough research and analysis is essential before making investment decisions.
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