0.00Open0.00Pre Close0 Volume0 Open Interest15.00Strike Price0.00Turnover0.00%IV55.66%PremiumNov 15, 2024Expiry Date0.00Intrinsic Value100Multiplier7DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma135.32Leverage Ratio--Theta--Rho--Eff Leverage--Vega
Fresh Del Monte Produce Stock Discussion
$Seagen (SGEN.US)$ – The closing of Merck's (MRK) $40 billion deal to buy Seagen will be delayed, according to people familiar with the matter who spoke to The Wall Street Journal. The delay stems from a wait for d...
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.
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