After a slow macadamia nut season, off 10% from last season
according to the U.S. Department of Agriculture, Hawaiian farmers
have something to celebrate. Yesterday the USDA lifted the state's
export ban, in place since the early '90s, allowing Hawaiian
farmers to export their prized Sharwil avocados to 32 states and
Washington, D.C., starting in November. With around 300 coffee
farms on the Big Island of Hawaii, this is big news for
agricultural producers who mix or "intercrop" avocados, coffee and
macadamia orchards on their volcanic soil estates. Selling avocados
to the mainland, along with Hawaii's high-dollar coffee and
macadamia nuts, will boost the farmer and Hawaii's economy, often
hard hit by poor weather conditions for sensitive crops.
After a quarter showing zero revenue on macadamia nuts sales at
Royal Hawaiian Orchards LP (
), it's easy to understand the compensatory high price paid by
consumers for some of the world's most exotic foods and beverages.
Like the Big Island's active volcanoes that could erupt at any
moment, the Hawaiian weather is also unpredictable, putting the
crops and companies in an almost constant state of risk.
Here's a look at Hawaii's largest macadamia producer and a US
coffee holding company, both on a 52-week low.
Highlight: Royal Hawaiian Orchards LP (
Down 10% over 12 months, Royal Hawaiian Orchards LP has a market
cap of $23.18 million, and trades with a P/B of 0.60.
The current share price is around $3.00, or 26.8% off the 52-week
high of $4.10. The yield is 0.70%.
Starting operations in 1986, Royal Hawaiian Orchards LP is the
largest grower of premium macadamia nuts on the island of Hawaii.
The partnership owns or leases approximately 5,070 tree acres of
macadamia nut orchards in three locations within a 50-mile radius
on the island of Hawaii.
In August Royal Hawaiian Orchards LP reported a net loss of $1.2
million for the second quarter of 2013. The partnership cited
operating losses, no sales revenue from macadamia nuts, and poor
weather conditions for growing, according to a company press
As of June 30, 2013, there are no guru stakeholders or insider
trades to report.
The GuruFocus financial and performance checkup shows warnings: the
company's asset growth is faster than its revenue growth, and it
has an inventory buildup. The revenue has been in decline for 12
months. Once good sign is that the NNUTU P/B ratio of 0.60 is close
to a 1-year low of 0.58.
Track share pricing, revenue and net income:
Highlight: Coffee Holding Company Inc. (
Down 23% over 12 months, Coffee Holding Company Inc. has a market
cap of $38.4 million, and trades with a P/E of 21.60 and a P/B of
The current share price is around $6.02, or 31.9% off the 52-week
high of $8.84. The yield is 1.50%. The GuruFocus financial and
performance checkup shows warnings: the company's gross margin has
been in long term decline. The average rate of decline per year is
-5.9%. The company has had operating loss over the past 3 years and
has issued debt of $1.24 million. Finally, company revenue has
declined over 12 months.
Incorporated in 1971, Coffee Holding Company Inc. is an integrated
wholesale coffee roaster and dealer in the United States. The
company's core products are wholesale green coffee, private label
coffee and branded coffee. The company's private label and branded
coffee products are sold throughout the United States, Canada and
abroad to supermarkets, wholesalers, and individually owned and
multi-unit retail customers.
Citing decreasing coffee prices on a four-year slide, the company
reported financial results for the three months ended July 31,
2013, with a net loss of $2,108,911,compared to net income of
$1,231,196 for the same period in 2012. The company's net sales
were $32,370,692 for the same period, down 27% from a year ago.
As of June 30, 2013, there are no guru stakeholders, but the
company president and CEO, Gordon Andrew sold 50,011 shares at
$7.01 in two transactions in May 2013.
Here are the
insider trading details for JVA
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