I got out when it hit 30 and thought I missed the boat. But now it looks like I was lucky. Down 14% in the last month -- yet they killed last quarter. I really don't understand -- anyone have any insight?
I flipped this position, getting out during the spike up to $32.00/share not too long ago and then back in at $30.20/share yesterday. It was interesting to me that I was actually anxious and bummed out about not being on the ride during the brief time while I was not holding the position here. There's only a couple of other stocks that have done that for me in the past... MVL in the years before it got acquired by DIS during the ride that I took on it from $4.00/share to more than $48.00/share, and TTWO, which is a stock that I'll always hold a core position in no matter what the circumstances.
I just can't shake the feeling that DMND is going to be acquired by a larger competitor one of these days. Better in than out, as I've discovered first-hand recently.
Anyway, thanks for the pullback earlier this week... It allowed me to get back in again on the cheap!
Sentiment: Strong Buy
This is not a threat to a cash crop like almonds the farmers are taking it away from crops like alfalfa, tomatoes,grain to make money on almonds. I drove through the San Juaquin Valley and the almonds and walnuts have never looked so good!
Woog I think this time we are looking at a buyout. With the Kraft/Heinz merger I can see someone looking to add to their line and DMND as a few really good lines. 6 months I could see a buyout in the low 40's.. In the past I was thinking no but the timing is better now.. This is just a hunch as I have no insider info..
That's like a rounding error to the Gates Foundation--hell-I own 9100 shares and I don't have anywhere close to their money. Sold 3000 shares the other day.
Yup, for zero DMND holdings to 10,412 purchased during 4Q 2014
Deja vu...the foundation has been in DMND before......
In an article in today's paper about the Heinz purchase of Kraft, Brooke Sutherland of Bloomberg News quotes Alexia Howard of Sanford C Bernstein: "Soy milk producer Wave Foods or Emerald Nuts maker Diamond Foods are also ripe for a takeover"
Now that DMND is on solid ground again, I would not at all be surprised if it was bought out, the same way KRFT was just bought out today. DMND has excellent name brand recognition and it has terrific long term potential.