Fri, Apr 18, 2014, 7:48 PM EDT - U.S. Markets closed for Good Friday

Recent

% | $
Quotes you view appear here for quick access.

Dole Food Company, Inc Common S Message Board

  • schneckden schneckden Mar 12, 2013 8:22 PM Flag

    DOLE buying banana farms seems like a great move

    the two largest banana consumers in the world, china and india, look set to import bananas to meet their nation's needs. this should bode well for DOLE as central america banana exports have kept global supply demand largely in balance. assuming DOLE doesn't overpay for the farms, these investments in new banana farms could pay off quite nicely in years to come.

    Listening to the investor call it was interesting to hear DOLE say they would be paying off all debt as opposed to their investor presentation last september where they suggested a debt level of approximately 250mn of debt post transaction. not sure where this extra paydown came from. as they mentioned their yen hedges made about 135mn over the past 2 quarters.

    Listening to the call i also think DOLE is lowballing the price on its oahu land value. 10,000 an acre seems way way too low. just spend a little time on zillow and check out oahu propeerty prices. perhaps the land could be worth upwards of 300-400 million dollars.

    just my two cents but this sell off seems absurd to me.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
DOLE
13.650.0000(0.00%)Nov 1 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Weibo Corporation
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT
Rayonier Inc.
NYSEThu, Apr 17, 2014 4:03 PM EDT
SandRidge Energy, Inc.
NYSEThu, Apr 17, 2014 4:01 PM EDT