Just in case anyone out there is considering buy DOLE-Don't! Here's why: When this company was publicly traded years ago by the same folks who own it now, the share price was always on the way down. If history repeats itself like it usually does, then you can expect more of the same. As far as Cramer goes, he is an idiot!!!
If you like the negative news then you will love this.I live across the street from Murdocks billion dollar investment the NC Research Campus. The development started in Aug.2006 Now Murdock has been an investor and citizen of this community for the past 27 years many people whom I know personally work for him. Development on this campus was furious since the anouncement was made, but that came to a screeching halt in Dec.08 just shortly after the Madoff news.Then Murdock began laying workers off and selling some of his on holdings here. Murdock generally buys companies and takes them private (not vice versa. So hopefully you are right about Dole possibly being a potential M&A candidate. All I am trying to say is use extreme caution if you are taking a position in this stock. Because he was hurting for cash is why he took Dole public.
Heres another reason David Murdock was a Madoff victim costing him millions.Taking Dole public is not to raise capital or payoff debt but to replace his personal fortune that he lost. Stay far away from this stock!
then buy right? if he is trying to get richer and rebuild wealth, he will pay down debt as much as he can, make it lean and mean for a takeover by Nestle or someone. seems cheap to me, I love all the negative buzz, makes me a buyer.