- Dole is a vertically integrated provider of fresh produce that has recently gone public following a merger between Dole Food Company and Total Produce.
- As a recent listing, it seems to be going quite under the radar, with quite a low multiple.
- Inflationary pressures, particularly in inland logistics, are hurting the company, with an integrated fleet protecting them from high charter rates.
- Price increases have lagged in 50% of the business' revenues, but will catch up and ease the issues seen in a tough Q3.
- Overall, the company sells attractive products and is quite compelling given synergies and the value of its fleet.
For further details see:
Dole: Vertically Integrated And Well-Positioned On Logistics Backdrop