DOLE US – A Ripe Future Ahead and a great way to play the food inflation theme, +35% upside

*The Irish based company was listed on the NYSE back in July

*Market leader in fresh fruit and vegetable sector – nearly double the revenue of its competitor

*The company does everything from cultivation to manufacturing to distribution of fruits and vegetables

*Majority of revenue from Europe and US as it fits the health and environmental sustainability lifestyle at the moment

*The vertical integration of the company makes its it a good candidate for a food inflation theme

*Well diversified in fruits and vegetables, expanding into Avocados

*Total Produce bought a 45% stake in Dole back in 2018 who then merged as part of going public keeping the Dole name

*DOLE was listed in the past on the LSE but was then taken private by major shareholder and CEO back in 2013 at a valuation of USD 1.2bn (versus the current valuation of USD 2.2bn)

*Dole has a lot of brand awareness as well as one of the best known companies within the sector

*Had a big spike in the price last month as it got the attention of the Redditt community who pumped the price – price is however now back at the initial level – this aspect is however bullish for the story overall

*Looking at a comp valuation we get to around USD 19-20

*ANR <GO> shows 4 buys, 1 hold and 1 sell – avg PT is USD 19.6