But a major transformation for Dole Food Company, Inc. (NYSE:DOLE) will change the way it does business. With its sale of its packaged foods and Asian fresh-fruit business for $1.7 billion to Japanese conglomerate Itochu, Dole Food Company, Inc. (NYSE:DOLE) will get much-needed cash to pay down its debt. With what amounts to a new lease on life, Dole will have a much smaller business, but it will be easier to manage and navigate in a tough industry environment.
Still, in its most recent quarter, Dole didn’t impress investors. A large plunge in revenue combined with losses from continuing operations show that even Dole Food Company, Inc. (NYSE:DOLE)’s surviving core business isn’t going as well as it needs to for the company to be successful.
For Dole to improve, it needs to make the most of its restructuring opportunity. With so many changes coming for the company, Dole Food Company, Inc. (NYSE:DOLE) will only get closer to perfection if it avoids the mistakes it has made in the past.
No stock is a sure thing, but some stocks are a lot closer to perfect than others. By looking for the perfect stock, you’ll go a long way toward improving your investing prowess and learning how to separate out the best investments from the rest.
The article Has Dole Food Become the Perfect Stock? originally appeared on Fool.com.
Fool contributor Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned.
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