NYSE:DOLEFood
Dole (DOLE): Assessing Valuation After $157.9 Million Follow-On Equity Offering
If you’ve been on the fence about Dole (NYSE:DOLE), the latest move may have caught your attention. Dole just completed a $157.9 million follow-on equity offering, adding nearly 12 million new shares to the market at $13.25 each. Events like this often shift investor sentiment, as the increased share count can mean both short-term price pressure and longer-term questions about how fresh capital will be put to use.
In the bigger picture, Dole’s stock has had a mixed year. There’s been a...