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Diamond Foods, Inc. (DMND) Message Board

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  • wooglin_kai wooglin_kai Nov 18, 2011 12:19 PM Flag

    Calm down..there is NO fraud imho

    "completely nuts for the stock to lose 60 points over a dinky accounting issue"

    In hindsight, it may have been "completely nuts" for DMND to have traded up to the 90's!

    Perhaps there's more than a "dinky accounting issue".
    How about loss of confidence in management?
    How about those who recently bought DMND solely on the proposed Pringles purchase--this would elevate DMND to the number two spot of snack food companies--who are exiting, since the purchase is now seen as maybe not happening?
    Given that DMND shares have plummeted, how much more will it cost to buy Pringles (partially using DMND shares as currency)?
    There are a few question marks surrounding DMND; question marks that didn't exist just a few weeks ago!
    Granted short sellers (WHO HAVE DONE WELL) and perhaps newer longs who have sold, have pressured the share price...too much? Time will tell. Haven't seen a dead cat bounce yet.
    IMO, there's more than just a "dinky accounting issue" that is currently affecting DMND. Stocks trade on fundamentals, but also on perception. I'd say investor perception of DNMN has changed for the worse. This may be temporary.
    Time will tell.
    Interesting to watch.

    P.S. whoever is posting "buyout" posts: thanks for the humor.

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DMND
29.10+1.13(+4.04%)Oct 21 4:00 PMEDT

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