Spinnerette: 05.16.24
-2.07 CHG x 3 companies
AMGN + FBIN + SAIA
I’M FIGS BANANA
Intriguingly, in some countries Green Bananas are called Figs.
Figs symbolize abundance, fertility and sweetness. Figs are a syconium which is a tiny group of inverted flowers growing inside a pod. Each pod contains hundreds of flowers that produce small seeds. The seeds are the fruit of the Fig plant.
Banana plants are not trees or palms; they are actually herbs. Once mature Bananas grow year round. Banana Plantations are primarily located in Latin America and grow in other tropical regions such as Africa, the Caribbean and the Pacific. Symbolically, Bananas embody good luck and fertility. Some horticulturists suggest that Bananas where the first fruit on earth. They originated in Southeast Asia and began trading internationally by the end of the 14th century.
So where do Figs and Bananas grow? The majority of Figs are produced in Turkey. Turks have beenOther countries that produce Figs include Egypt, Morocco, Algeria, Spain and Iran. In America, California grows the most Figs commercially. The Spaniards are credited with bringing Figs to America in the 15th century. Bananas grow in approx. 150 countries and yield over 1000 different varieties. Ecuador exports 30% of the world’s banana supply.
What do figs and bananas have in common? Both fruits require a tropical climate. According to Google Wikipedia, the fruits both develop without fertilization and produce no viable seeds. Both pulpy fruits are rich sources of potassium and are edible, sweet, and soft. Surprisingly, Figs have more potassium than Bananas!
The Top Fruit industry Producers of Bananas are Chiquita, Del Monte, Dole and Fyffes:
Chiquita in 2015 was bought by Cutrale (the world’s largest producer of Oranges and Orange Juice) and Grupo Safra (a private banking group) Chiquita is no longer publicly traded and is headquartered in Switzerland.
Del Monte has banana farms in Costa Rica, Guatemala, Brazil and the Philippines. The company is owned by IAT based in the United Arab Emirates and is headquartered in Florida. IAT trades on the NYSE.
Dole Foods acquires bananas from independent growers in Costa Rica, Equador, Colombia, Philippines, Guatemala, Honduras, Peru and the Dominican Republic. In 2018 the Irish Company - Total Produce acquired the controlling stake in Dole Foods.
Fyffes is an Irish-based company that owns the oldest banana brand in the world. The company acquires bananas from Ecuador, Peru, Colombia, Honduras, Belize, Dominican Republic, Cote d’Ivoire, the Windward Islands and the Canaries. In 2018, the company was purchased by Sumitomo a Japanese company. Fyffes’s remains headquartered in Dublin, Irland.
The companies that created Today’s Spinnerette.Anagram are:
AMGN is Amgen Inc. a biopharmaceutical company that trades on the NASDAQ. Under the umbrella of the Biotechnology Industry and was founded in 1980 as Applied Molecular Genetics. In 1983, the company was renamed AMGen which is a portmanteau of the company’s original name and made their IPO that same year.
Revenue is reported around US$28 BILLION and employs more than 26,000.
Traded Today @ $314.72
FBIN is Fortune Brands Innovations Inc. an American manufacturer of home and security products trading on the NYSE. The company began in 2011 and is headquartered in Deerfield, IL.
Revenue is reported around US$7.7 BILLION and employs approx. 28,000.
Traded Today @ $73.13
SAIA is Saia Inc. Cataloged in the Transportation Industry as an American Trucking Company known as LTL (less than truckload) which originated in Houma, LA. It was founded by Louis Saia Sr. in 1924. In 1987, The Saia family sold the business to Preston Trucking and in 1993 the Yellow Corporation bought Preston Trucking. Saia grew over the years trading on the NASDAQ in 2008. Eventually Saia acquired 17 terminals of Yellow Corporation during their Chapter 11 bankruptcy. Today, Saia is headquartered in Johns Creek, GA.
Revenue is approx. US$1,822 MILLION and employ more that 10,000.
Traded Today @ $407.81
Company/Corporation Information is from Google Wikipedia and Britannica