Costa Group (CGC) is Australia’s largest horticultural company and also a major supplier of produce to supermarkets around the country. From oranges, grapes, bananas to mushrooms and tomatoes – there is a very good chance you eat something Costa Group has grown and delivered each and every day. Costa’s shares are down 64% since 2018 due to the company being caught out with too much debt and low farm yields.
The good news is the balance sheet has been fixed and profitability is back on the rise – so this is an opportune time to invest, therefore, we recommend you sell your Janus Henderson and use the proceeds to purchase Costa Group.