Alico (NASDAQ:ALCO) is positioning itself as a diversified Florida land and real estate company after winding down its legacy citrus operations, a company representative told investors during a recent presentation.
The representative said Alico has been public since 1960 and listed on the Nasdaq since 1972. The company, which has operated in Florida for about 128 years, currently has a market capitalization of roughly $300 million and about $45 million in net debt, according to the presentation. Its shares rose 40% last year and are up more than 10% this year, a move the representative tied to the company’s business model transition.
