Total Produce Share Discussion Threads

[badger8888] 26/6/2022 19:54

Tks for very informative post, we are cheap. Supply is the Big issue. If we can't get stock to our customers.... GLTA

[lmulhare] 26/6/2022 16:51

Rising costs that weren't yet reflected in prices, the value-added salad recall & shutdown, Euro-Dollar weakness, Putin's war on Ukraine & seasonal costs during planting have hurt DOLE earnings. There is animosity towards the brand after David Murdock defrauded shareholders when he took Dole Food Company private in 2013. Additionally, DOLE was briefly a WallStreetBets meme stock & financial institutions are heavily short stocks with large retail investor interest.

Analyst DOLE Earnings Per Share projections:

2022 $1.15
2023 $1.45
2024 $1.80

Estimated P/E ratios at Friday 24/6/22 close:

Mission Produce, Inc. (AVO)
2022 35.4
2023 17.5
2024 16.1

Fresh Del Monte Produce Inc. (FDP)
2022 21.4
2023 13.7

Dole PLC (DOLE)
2022 7.79
2023 6.19
2024 4.98

www.marketscreener.com/quote/stock/MISSION-PRODUCE-INC-113170567/financials/
www.marketscreener.com/quote/stock/FRESH-DEL-MONTE-PRODUCE-I-12583/financials/
www.marketscreener.com/quote/stock/DOLE-PLC-125185276/financials/

Investors familiar with the Total Produce management team & the fresh produce business bought this month.

BDL Capital Management, which owned 6.18% of Total Produce has increased its DOLE stake to 5.42%.

Bruce C. Taylor, who founded Taylor Fresh Foods (private), a multi-billion dollar producer of salads, fresh vegetables, and healthy fresh food & who is Chairman & CEO of the aforementioned Mission Produce (AVO) bought 6.5% of DOLE.

www.doleplc.com/investors/sec-filings-reports-presentations

At this week's all-time low of $8.56, DOLE offered a dividend yield of 3.7% & the projected P/E in 2024 would be 4.75. Analyst price targets are in a range $9 - $19, with a $14.95 average.
hxxps://www.marketscreener.com/quote/stock/DOLE-PLC-125185276/consensus/

The book value per share for the Most Recent Quarter increased from $11.39 to $11.55.


I hope to buy again if we dive further.

[badger8888] 09/6/2022 20:39

No much love for Dole, 9.37 just now. Very glad I didn't top-up. I hope our management have a plan.

[badger8888] 05/6/2022 17:42

They even give a thumbs up to each other, of course they may be the same idiot!

[ashleyjv] 05/6/2022 15:33

Scammers (bradfreddieBrad) are out in force today!! Don't get scammed

[lmulhare] 05/6/2022 00:13

I bought DOLE under $10, but I expect it & the stock market indices to make new lows. Analyst targets are in the range $14-$22, with a $17.40 average.
www.marketbeat.com/stocks/NYSE/DOLE/price-target/

[badger8888] 04/6/2022 14:27

Dole share price closed at 10, 9.99 in after hours trading. Very tempted to top up at these levels. Will decide when markets open on Monday. PS, Anyone still invested? I can understand if everyone has made it to the exit, our journey with Dole has been very disappointing.

[badger8888] 24/5/2022 15:17

SP down 12% just now. Do the answer to my earlier question is "not great" A good price to top up at?

[badger8888] 24/5/2022 12:23

Q1 results, had a quick read, are the good or bad, not exactly clear to me?

[lmulhare] 28/4/2022 16:32

The book value per share for the Most Recent Quarter is $11.39.


On 17/2/21, Total Produce PLC stock(T7O) gapped up from €1.468 when the merger with Dole was announced. T7O shares converted to DOLE shares on a 7-to-1 basis.
€1.468 * 7 = €10.276 = ~$10.79
If the unfilled gap down to this price is filled, I intend to buy.
hxxps://www.marketscreener.com/quote/stock/TOTAL-PRODUCE-PLC-1412414/charts/

The pump & dump from $17.65 on 30/9/21 & the short-selling to $12.16 on 3/12/21 coincided with big open interest at the $17.50 & $12.50 options strikes. I am watching for similar activity at the $10 strike.

I expect the company will eventually show a big earnings beat through cost reduction & price increases. If the share price drops below my entry, I'll lower my average cost by buying more & selling some on rallies above my breakeven.

1st Quarter earnings will be released on Tuesday 24 May, before the market opens.
hxxps://www.doleplc.com/news/dole-plc-schedules-first-quarter-2022-earnings-release

[badger8888] 28/4/2022 13:02

US 11.93 pre market. The NY listing hasn't worked out. I wonder if a Private Equity fund will try to take it private. Money is still cheapish. Thoughts?

[badger8888] 22/4/2022 12:01

Dividend cheque received this morning.

[badger8888] 22/3/2022 09:24

"Free Advice from Davy"Following on from the results and conference call, Davy issued a Research Note on the 15th March. "Outlook weighed by externalities" We have moved to mid-point of guidances, which will imply a c.9% cut to our forecasts.So not much positive news.GLTAThey haven't changed from "Outperform " 24/08/21

[badger8888] 16/3/2022 20:44

The figures look to have gone down reasonable well, the week low was 12.82, high today 14.28, closed 14.20.Still a long way south of the expectations some of us had last year.Onwards and upwards!GLTA

[lmulhare] 15/3/2022 16:29

$17.6 million was flushed down a toilet because some people are too lazy to wash lettuce & want it ready-to-eat in a plastic box produced from dwindling crude oil resources. I'm distinctly unimpressed by the contribution of "Value Added Salads" to the bottom line.

I hope environmentally sustainable practices will be used to offset rising fuel, fertiliser & spray costs.

[18bt] 02/3/2022 07:34

Tues 15/3 for final results

[badger8888] 26/2/2022 20:09

I was thinking of buying if it reaches $12.50.

[lmulhare] 24/2/2022 23:12

The game in US markets is:
1. Pump a stock, sell to retail investors as you short it down to book value.
2. When selling lose momentum, cover your shorts & accumulate by buying from weak hands who sell at a loss.
3. Let the stock rise as you buy from weak hands who sell at break-even.
4. Buy the stock until it becomes very overbought as retail starts buying again & return to step 1.

On 2/12/21 DOLE earnings per-share of 4c was 20c below expected earnings. The stock bottomed the next day at $12.155 & has closed every week since above $13. If it dips below $13 again, I'll consider buying. Due to expected interest rate rises, the market is selling growth stocks & buying low P/E value stocks now.