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Alico, Inc. (ALCO) Research Update Released

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New York,NY - January 20, 2014 ( newswire) On January 17, 2014, Taglich Brothers released an updated research report on Alico, Inc., (ALCO) and reiterated a Neutral rating. The report noted the following key investment considerations:

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  • The latest forecast (January 2014) from the USDA is for a 13% decrease in Florida citrus production (oranges and grapefruit) in 2014. As citrus selling prices are projected to rise only modestly, we project a 12% reduction in Alco’s citrus revenue. We expect a 4% reduction in sugarcane revenue in FY14, as a decrease in production per acre and decreased selling prices more than offset a 26% increase in harvested acreage.
  • Helping to offset the expected reductions in citrus and sugarcane revenue in 2014 should be a 12% increase in ranch and conservation revenue as the cattle breeding herd is 9% larger than last year and beef selling prices are projected to rise 3% according to IBISWorld.
  • In November 2013, 734 Agriculture and Arlon Group completed the acquisition of approximately 51% of Alico's outstanding voting stock from Atlantic Blue Group at $37.00 per share. Clay G. Wilson, a third generation citrus grower associated with the citrus industry for more than 28 years will serve as CEO of Alico, replacing JD Alexander.
  • Alico reported (on 12/9/13) 4Q13 $1.60 EPS on revenue of $6.7 million. We projected revenue of $6.8 million and EPS of $1.70 per share. In the year earlier quarter Alico lost $0.07 per share on revenue of $6.6 million. The results for 4Q13 include a $2.75 per share pre-tax gain related to the sale of a conservation easement on approximately 11,600 acres of land.
  • For FY14, we project revenue of $93 million and EPS of $0.65, down from our previous forecast of revenue of $106 million and EPS of $1.20 primarily due to reduced citrus production. For FY15, we project revenue of $94.4 million and EPS of $0.72.

The full report can be viewed at here.

Company Description:

Alico owns and manages approximately 130,000 acres of land in five Florida counties. The company generates most of its revenue from agricultural businesses such as citrus production, sugarcane production and cattle ranching. Alico’s non-agricultural operations include land leasing, rock and sand mining, mineral and oil leasing, and real estate development.

Taglich Brothers:

Taglich Brothers, Inc. is full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

The Taglich Brothers' Equity Research department is dedicated to providing research reports that are informative, insightful and illuminating. Reports are designed to distill volumes of investment information into a concise, straightforward format so that busy professional investors can make informed investment decisions.


The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statements are the opinion of Taglich Brothers, Inc. and are not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in the reports are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned and was not a manager or co-manager of any offering for the company within the last three years. The company paid for the first year of distribution a fee of $21,000 (USD) on May 2004, and since August 2005 pays a monthly monetary fee of $1,750 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports. For further information and Taglich Brothers, Inc. ownership data please refer to each individual report.


Richard Oh

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