Dole Is Undervalued, Could Be A Winner From Spin-Off Or Asset Sale as I titled my first article published on seekingalpha.com, a website that is viewed by everyone from beginning investors all the way up to advanced investors, so I am incredibly excited that it got published.
Here are some highlights below:
Dole is the largest producer of fresh fruits and vegetables in the world. Based in California, Dole has operations in 90 countries around the world and has recently been expanding into the high margin packaged fruit business with products such as their Dole Shakers and Dole Fruit Crisps. They also own or lease 117,000 acres of land which could be used, at least partially, to pay down some of their massive debt and liabilities if sold, which we will get to later.
Here are my valuations of Dole (NYSE:DOLE), my reasonings for buying, and some of the risks the stock entails.
Dole asset valuation done on 5-19-2012. All numbers are in millions of US dollars, using March 2012 10Q and 2011 10K.
These valuations are done by me, using my estimates, and is not a recommendation for you to buy the stock
For those who would like to see it and follow the discussion in the comments section you can do so here.