Dole wants to dole out debt

Posted by Al Lewis on August 23, 2009
Investing

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Watch out. Pineapples are prickly.

Dole Foods Co., now privately held, wants to sell stock to the public, but warns that it might not always have enough cash flow to pay its debts.

The food giant has $2 billion in debt and appears to be asking shareholders to step in where a lender or bond issuer may not.

Click here to read my column on Dole.

(PHOTO: Dole Foods.)