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Fresh Del Monte Produce Inc. Message Board

  • insite333 insite333 Nov 4, 2006 5:46 PM Flag

    FDP is going to $12, but would be a...

    BIG buyer at that level. Forward P/E of 18 is too high for this company that is having many problems arise. At $12 FDP would have a forward P/E of 14, and a price/book ratio of 0.62.

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    • This mgmt team does not want to run a public company, they will seek to take it private soon. The bottom may be here and the tender will be $17-19 or the bottom may be 12 as you say and the tender will be @$15, but they WILL have to offer a premium. Fidelity, Brandes, and other large inst. shareholders will not go away without getting alot of their money back.

      I think there will be a tender at $17.50 in 2007. Investors will laugh and the tender will be raised to $19 and will be successful.

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