Westlake Village, Calif.-based Dole Food Company (DOLE) is the largest fresh fruit and green produce supplier in the world. Yet it's a company investors don't think of when it comes to buying stocks. The reason: The company went private in 2003 after it was rescued by David Murdock from bankruptcy about two decades earlier. Murdock took Dole public again in October 2009, raising $446 million, but the stock disappointed, closing below its offering price.
But Hilary Kramer, editor of GameChangerStocks.com says that the company -- and the stock -- will be a big beneficiary of an Obama-backed push toward healthy food, especially in schools. Sugary soft drinks will be out, fresh fruit will be in. Kramer also points out that Dole Food is now doing well: The company's net income is growing, and the stock has great fundamentals and catalysts to generate growth and pay down debt.
While this isn't an investment for quick gains, Kramer says that she expects Dole to make solid progress and believes the stock will hit $15 per share in 18 months. That's an increase of 50% from current levels.
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