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During the IPO season Francis Gaskins, editor of IPOdesktop.com, regularly appears on CNBC TV, Bloomberg & other financial cable channels. On the day of the Visa IPO he appeared on four cable TV financial shows including Bloomberg & CNBC Over the past five years he has been quoted over... More
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  • IPO -- DOLE unfavorably compared to DLM (Delmonte Food) & FDP (Fresh Delmonte Prodce) 0 comments
    Oct 22, 2009 05:14 PM | about stocks: DOLE, DLM, FDP
    Dole Food Co (DOLE) expected to price $500mm Thursday for trading Friday, Oct 23
     Notice unfavorable ‘compare & contrast’ with Delmonte Food (NYSE:DLM) & Fresh Delmonte Produce (NYSE:FDP) below in analyst report
    . Branded, highly leveraged commodities business
    . 63% of operating income went to interest payments, over $200mm per year on an annualized basis -- using June quarter interest payments of $50mm

    . Annualized P/E ratio of 14.6 based on June quarter, way too high for this commodities company that reported a dismal June quarter
    . Assets are fully & overly secured by lenders
    . No margin or error or wriggle room at this stage for public equity investors, who are going to be at risk.
    . SEC filing is confusing, creates investor uncertainty and reduces IPO demand

    read more
    http://www.gaskinsco.com/linkto-dole.shtml



    Themes: IPOanalysis, IPO, IPOs, private equity Stocks: DOLE, DLM, FDP
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  • Kraton (KRA) IPO priced at $13.50, 20% below expected mid-range. IPOreport adj http://bit.ly/7Cktzk In same sector as (ASH) & (HUN)
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