Fresh Del Monte has land and little debt. Selling near tangible book value.
Chiquita has little land and lots of debt. No tangible book value.
Dole has land and lots (and lots) of debt. No tangible book value also.
All three companies do the same thing more or less. (CQB and Dole are big in salads) But only one has a strong balance sheet. If things go well, all three will do well. If things go poorly, only one will do well. That being Fresh Del Monte.
Patience. It might be a dirty word on WallStreet, but it's oh so key here.