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Dole Food Company, Inc Common S Message Board

  • jkwelli jkwelli May 28, 2013 12:19 PM Flag

    Is DOLE Trying To Manipulate Its Stock?

    First they don't mention buyback at all during earnings conference. Did they even dispute a buyback during earnings? Then they issue a $200 million buyback about a week after earnings.
    Now they suspend buyback less than 1 month later and decide to buy vessels.

    Makes me wonder if this planed and illegal or just random management.

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    • I feel the purchase of the vessels is a great investment at this time. They are most likely saving about 20 million a ship because countries into shipbuilding are building ships at a loss to keep yards open and people employed. Let me see do I appease shareholders with a buyback or do I do what is best for the long term for my business. I do not mind waiting 5 years to sell in the twenties.

      Sentiment: Hold