Down 51%, Is This Former Meme Stock Now a Buy?

It's easy to forget now, but at one point last year, produce-maker Dole (NYSE: DOLE) enjoyed a brief time in the Sun as a meme stock. Dole never reached the same level of meme stock notoriety as the likes of Gamestop or AMC Entertainment Holdings, but it did receive a WallStreetBets write-up discussing how a potential banana shortage caused by a new fungus could drive the stock higher -- and the shares briefly rallied afterwards. After merging with Total Produce in 2021, Dole reentered the public market as the world's largest fresh produce company.