US OptionsDetailed Quotes
DOLE241220C15000
- 0.21
- -0.04-16.00%
15min DelayTrading Dec 16 09:58 ET
0.21High0.21Low
0.21Open0.25Pre Close1 Volume68 Open Interest15.00Strike Price21.00Turnover62.99%IV4.43%PremiumDec 20, 2024Expiry Date0.00Intrinsic Value100Multiplier4DDays to Expiry0.21Extrinsic Value100Contract SizeAmericanOptions Type0.3374Delta0.3755Gamma69.36Leverage Ratio-0.0460Theta0.0005Rho23.40Eff Leverage0.0056Vega
Dole plc Stock Discussion
$Tesla (TSLA.US)$ $Dole plc (DOLE.US)$
This product will be launched exclusively in Alibaba's HEMA channel, an important strategic partner of Dole.
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The new company formed after the combination of Total Produce and DOLE will be the largest fresh produce company by revenue.
DOLE PLC ($9.0 BN)
GREENYARD ($5.2 BN)
FRESH DEL MONTE ($4.2 BN)
These companies are completely recession proof and can only suffer with short term raw material price increases, as they can't rise prices at the same rate.
In Dole's case, the vertically integrated business model allows them to prevent some of these issues.
DOLE owns 16 vessels and more than 160 facilities around the world.
This is an industry with many barriers of entry, which makes it very difficult for new competitors to increase their respective market share.
Companies such as these historically trade at 15x earnings. However, DOLE trades at just 9-10x earnings given the current EPS estimate of $1.39 for 2021.
I believe a company of DOLE's quality should be trading between 14 and 18 times earnings.
Beaten down since their NYSE IPO, I think Dole has been unfairly punished by the market.
I believe Dole should trade at least above $20, with potential to move higher as combined earnings power offsets global supply chain and inflation concerns.
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