2024-07-04 01:21:02 ET
Summary
- Dole plc has managed to maintain profitability despite taking on significant debt post-merger and facing supply chain challenges.
- The company has shown strong revenue and EBITDA growth over the last decade, with potential for deleveraging the balance sheet in the future.
- Selling a non-core asset in the vegetable business could help to accelerate deleveraging.
- Dole's valuation compared to its peers is attractive, with room for improvement in margins and debt reduction, making it a 'buy' opportunity.
Introduction
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Dole: Deleveraging Could Narrow The Valuation Gap