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Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:09 EDTCQBChiquita Brands sees Bananas EBIT margins of 4% by end of FY15
The company stated, "Chiquita's strategy remains to focus on its core products and to operate a branded commodity produce business with excellence. The company believes the actions it has taken year to date in 2014 enhance that strategy and position the company to remain on glidepath to our long term EBIT margin targets - to achieve run-rate target EBIT margins of 4% for Bananas and 7-8% for Salads by the end of 2015."
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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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