DOLE - Dole Plc Stock: Bullish As Declining Debt Unlock Values
2024-04-20 12:09:41 ET
Summary
- Dole PLC reported solid 2023 financial trends confirming the strength of the business and long-term outlook.
- Efforts to exit non-core assets and raise cash have helped to pay down debt and improve the company's fundamental profile.
- We are bullish on the stock with a deleveraged balance sheet supporting a wider valuation premium.
Dole PLC (DOLE) has faced a volatile last couple of years since its 2021 IPO. The company recognized as a global leader in food categories of fresh fruit and produce has been challenged to deal with supply chain constraints, inflationary cost pressures, as well as a shifting post-pandemic consumer spending trends....
Dole Plc Stock: Bullish As Declining Debt Unlock Values