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Stock Market & Financial Investment News

News Breaks
January 28, 2013
08:18 EDTCQBChiquita Brands says Q4 results in line with company's previous expectations
The company said, "Compared to the fourth quarter of 2011, stronger banana pricing and logistical savings partially offset lower salad results, lower average European currency exchange rates and a number of unusual cost items in the fourth quarter of 2012, and the net results was in line with the company's previous expectations for the quarter."
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January 14, 2015
15:19 EDTCQBChiquita exit could have upside for Parkway Properties, says Wells Fargo
Noting that the Charlotte Business Journal reported that Chiquita Brands plans to move its headquarters after being acquired, Wells Fargo said that the move could bring upside for the company's landlord, Parkway Properties. Wells believes Chiquita's lease runs through 2025 with current rents that are 10%-15% below market and that Parkway could drive NOI up if it find a new tenant for the space at a higher rent. Wells maintains its Outperform rating on Parkway Properties. Reference Link

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