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Dole Food Company, Inc. (DOLE): This Share Buyback Plan Suspension Is Not Attractive

My Foolish take

Dole Food Company, Inc. (NYSE:DOLE) is in a better shape after divesting its packaged food business and the Asia fresh produce business. Moreover, the company owns a good chunk of non-farming real estate in Hawaii, which was estimated at $170-$200 million. However, it would take time to liquidate those real estate holdings. With the recent suspension of the share buyback plan and a double digit EV multiple, I would not consider Dole Food for my portfolio at present.

Anh HOANG has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

The article This Share Buyback Plan Suspension Is Not Attractive originally appeared on Fool.com.

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