Dole Food Company (DOLE)

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The reviews, I heard, were not too favorable to this IPO.
Remember that on Oct 13, this IPO "...The initial public offering price is expected to be between $13.00 and $15.00 per share. Dole has applied to have the shares of common stock approved for listing on The New York Stock Exchange under the ticker symbol “DOLE.” The underwriters have the option to purchase from Dole up to an additional 5,357,250 shares of common stock. Dole intends to use the net proceeds of the offering to pay down certain indebtedness. ..."

That paying down certain indebtness will surely help.
You could be right but I feel it could continue to slip a little. Still, under $12 looks like a good entry point.
g.p.