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Diamond Foods, Inc. Message Board

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  • y2k7trillionover y2k7trillionover Nov 4, 2011 4:06 PM Flag

    Could fall as low as $45 and change

    It was easy for the poster to come up with the 45 target.

    Money lenders make more money of DMND stock trades 45 or below. Read the covenants.

    Once the covenant is breached, they don't care anymore. All the money lenders want is to get their bonus on loans.

    I don't recall where I read warnings about money lenders but maybe it was something in Sunday School when I was a innocent child.

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    • Actually, I simply looked at the chart.

      • 1 Reply to trendtraitor
      • I saw that too and I believe that is the basis of your call. However, I can't help jumping in today higher than that. According to WSJ (Nov.3 print edition), if DMND > $56.62, need $700M debt; DMND < $44.61, need $1.05 B. Overall, the accounting case seems to be not a major problem but some institution investors troubled with it. Analysts think the deal will go through. "P&G is still committed to closing the sale, a spokesman said." I think it is a good buying opportunity. 50% of the float has been shorted by mid October. When the tide turns, DMND will explode upward.

37.560.00(0.00%)Feb 26 4:00 PMEST