are getting hurt by the oversupply of citrus product in Florida and a weak environment for its real estate operations. (To dig deeper into the subject of earnings, check out Earnings: Quality Means Everything.) Alico is a land-management company that owns 135,500 acres in Florida's Collier, Glades, Hendry, Lee and Polk counties. Company revenues and earnings come primarily from agricultural activities. Although it has operations in sugarcane, sod, cattle and vegetables, Alico earns almost 70% of its revenues from citrus operations. It also engages in real estate development operations. Citrus Operations Weak Earnings at Alico have been weak. In the fiscal third quarter ending June 30, the company reported revenues of $42 million, down from $46 million in fiscal Q3 2007. Income from continuing operations was 36 cents versus...
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