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FDP - Fresh Del Monte Looks Ripe For The Picking At 0.64x Book Value
Fresh Del Monte Produce Inc.
Earnings at Fresh Del Monte have been under pressure in recent quarters due to cost pressure, leaving the company trading near 52-week lows and only 0.64x book value.
The company's current 2.44% dividend yield needs to be taken into perspective with the 2.0% average share repurchase rate over the past decade for a total shareholder yield of 4.44%.
Fresh Del Monte is a great hedge to inflation with its 61,000 acres of owned plantations and +125 year history.