Almond producer Select Harvest (SHV) has had a tough year with Almond prices failing to enjoy the tailwinds seen in other commodity markets, but as we know, agriculture is a very cyclical game and low prices tend to work themselves out. Major Almond growing regions in California are now in the grips of a tough drought and while global supply chains remain an issue, improvement here would be a positive catalyst.
MM likes SHV on a risk/reward basis below $6.00
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