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Dole Food Company, Inc Common S Message Board

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  • insider_alerts insider_alerts Sep 18, 2012 3:37 AM Flag

    Deal is done! Opens $16-$17 tomorrow, shorts burned

    1. Sorry you don 't get $3million per acre for undeveloped farm land in remote locations. It's not anything near $75B worth of land - it's all accounted for in book value.

    2. Though the sale price is good and will help reduce debt, there will be taxes to pay on the sale so they won't see all of that money.

    3. You have to begin questioning all of the massive stock purchases by Murdoch and what he knew when.

    Yes, it is good news for shareholders, but I think questions will arise with #3. The purchases were just so heavy/continual/blatant.

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