FDP releases earnings reports that show the company has managed to remain profitable and keep sales consistent even as costs of logistics and shipping have increased.
The European Commission held FDP jointly and severally liable in the violation of competition rules associated with its shipments of bananas to the Northern European region. Also, FDP was affected by a dramatic selloff in the stock market that ocurred during the month of October.
Secondary offering of 12 million shares prices after market close today. These offerings generate temporary drops leading up to the secondary because of the influx of new supply of shares. In this case, this has already declined >25% going into secondary. Once secondary placed, it is likely that shares will return to similar levels as before.
Investors took profits 1 day before earnings release scheduled for 10/30/07
