Mission Produce Stock Is Cheap, But Risks Remain

Mission Produce, Inc. is maintained as a Hold due to mixed Q1 results and ongoing market uncertainty. AVO faces strong avocado volume growth but significant pricing pressure, with average price per pound dropping from $1.75 to $1.22. The pending $430M Calavo Growers acquisition offers synergy potential but increases net debt by $222.8M and introduces integration risk.