Yesterday we saw Costa Group (CGC) tumble over -13% after the company revealed some issues in their Citrus crop that will meaningfully impact earnings, if it’s not one thing it’s another at CGC and it simply feels a very tough business to operate with many moving parts, some of which are highly unpredictable like the weather. CSLA upgraded the stock this morning to a buy and $2.70 price target, however, even though the stock is plumbing 7-year lows it remains in the too-hard basket for us.
- We see no fundamental or technical reason to be considering CGC.
MM is neutral CGC at best
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