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Can someone explain DOLE?

Posted on 11/18/22 at 9:06 am
Posted by 75503Tiger
Member since Sep 2015
4821 posts
Posted on 11/18/22 at 9:06 am
I hear it is a very secure investment. And yet, it just sits like a turtle on a log. What do MT experts see?
Posted by castorinho
13623 posts
Member since Nov 2010
86595 posts
Posted on 11/18/22 at 9:22 am to
quote:

And yet, it just sits like a turtle on a log.


Sounds very secure to me
Posted by 75503Tiger
Member since Sep 2015
4821 posts
Posted on 11/18/22 at 9:28 am to
If a person wants to park some cash the price is right, that is for sure. It’s been projected for a year to be double where it is right now. They beat earnings projections and pay a dividend but still flounders with low volume
Posted by Weagle25
THE Football State.
Member since Oct 2011
47470 posts
Posted on 11/18/22 at 11:12 am to
Am I looking at the right stock?

Was $7.68 in late October

Is now $10.05 in mid November. That’s a 30% increase in less than a month. This is your definition of turtle sitting on a log?
Posted by castorinho
13623 posts
Member since Nov 2010
86595 posts
Posted on 11/18/22 at 11:50 am to
Zoom out
Posted by Tomatocantender
Boot
Member since Jun 2021
5578 posts
Posted on 11/18/22 at 11:56 am to
Dole has a really messy reputational risk on the investor side when it was taken private 10 yrs ago. Their CEO screwed over pensions and other large investors. Just google David Murdoch and all the class actions and litigation that went down. Not surprised it's still 50% lower than its IPO price, but the industry as a whole is not exactly a wide profit margin business to begin with.
Posted by 75503Tiger
Member since Sep 2015
4821 posts
Posted on 11/18/22 at 12:12 pm to
I bought early and that was my mistake. The thing I do not understand is why it never gets big volume to go where they say it will go.
Posted by 75503Tiger
Member since Sep 2015
4821 posts
Posted on 11/22/22 at 9:35 am to
I did not ask this question directly because I wanted to get some free analysis from my friends on the MB and I am definitely not a technical guy. I would like to know if there may be a cup and handle forming on the 1yr chart. It seems, for what I know, that it dipped and has low volume and that is a sign. Now it is going back to the previous level with a forecasted price above that.
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