Stock question about DOLE?

I have been dabbling all over for about a year with descent profits. I bought in on 570 shares of DOLE about a week or two ago. Now, the deal closed with dole and ITOCHO Corp to sell it's packaging plant for Asia also opening the market their. I am wondering sell now and take the 7% profit and buy back in later or tomorrow or wait??? I have never dealt with buy backs of shares or dividends and have no clue what that will mean. They say the stock could easily shoot to 20$ a share this year. Here are some news letters ...

Dole Food Company, Inc. (NYSE:DOLE) Dole Food Company Inc will sell two businesses to Itochu Corp for $1.7 billion in cash — a deal that will help the world's largest fruit and vegetable producer pay down its heavy debt load while expanding Itochu's food presence in new markets such as China. Given the news, the stock jumped +0.58 (5.71%) bringing the intraday trade price up to $14.40 with about 1.78 million shares exchanged. Stick around

SBWire (

n David Englander's "Dole's Sweet Outlook," the stage could be set for a special dividend or share buybacks following a recent deal between Dole Food (NYSE: DOLE) and Japan's Itochu. The article says the future could be bright for Dole shareholders.

Read more:


They are saying though with the 120,000 acres of prime land in the islands which is not considered in the companies money. Could make for HUGE gains.

2 Answers

  • JoeyV
    Lv 7
    8 years ago
    Favorite Answer

    Paying down debt and doing a stock buyback are pretty much polar opposites of what they could do with the cash. I seriously doubt that Dole is planning a stock buyback with that cash. How much leverage do you think a fruit company should have?

  • nivens
    Lv 4
    3 years ago

    Oo-oo-oo-ooh, the industry is up 10% off of 7,000 -- 0.5 of what it became whilst "pungent" BO have been given the Dumocrat nomination -- and which skill pungent is doing super??? wide-unfold Obama-zombie Kool-help whilst the inventory industry reaches 14,000 returned, come seek advice from me approximately how super pungent is doing. till then... it incredibly is all OBAMA'S FAULT. Obama isn't attempting to break the inventory industry with the intention to tension all on the Federal dole. Obama is attempting to break the inventory industry so his Dumocrat-ruled Federal government can acquire controlling hobbies interior the country's best businesses and companies. Why would desire to the federal government cut back itself to confiscating, oops, sorry I meant taxing, element of united statesa.'s salary if the federal government can very own all the salary? it incredibly is all approximately incrementally enforcing socialism on united statesa.. First the federal government assumes possession of huge parts of the american banking, mortgage and economic industries -- because it has already executed under pungent BO. Then it nationalizes the U. S. well being care industry with ordinary well being care. Then the Obama Socialist Regime takes over the massive American companies after working the inventory industry into the floor, and by surprise Obama and the Socialist Dumocrats administration the skill of production. confident sir, good previous college un-American socialism takes over united statesa. by the pollbox, compliments of the financial policies of pungent BO and the different socialist Dumocrats, and the ignorant smart fool zombies who help them.

Still have questions? Get your answers by asking now.