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Diamond Foods, Inc. (DMND) Message Board

  • piggietime piggietime Dec 15, 2011 8:48 AM Flag

    We know what they did. Here it is in a nutshell.

    They delayed a crop payment so it wouldn't be reflected on that quarter. This is very minor. Many firms with good accountants do this at the appropriate time. They got caught and it will blow over. Be real people....did the consumer stop eating 50% less nuts. It only got noticed because of the deal that went south. Wake up and smell the coffee. $$$$$$$ to be made here. Get in or sit on the sidelines with your fear.

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    • "They delayed a crop payment so it wouldn't be reflected on that quarter. This is very minor. Many firms with good accountants do this at the appropriate time."

      WHEN is it "appropriate" to move expenses from one Q to another Q? "good accountants do this" Really???

      We all have to wait to see what the inquiry discovers. But IF DMND is found to have manipulated its earnings by playing games with its expenses and thereby making the Q in question appear much stronger than reality...well this is NOT "minor".

      How all of this affects the stock, no one knows.

      • 3 Replies to wooglin_kai
      • WHEN is it "appropriate" to move expenses from one Q to another Q? "good accountants do this" Really???

        Delaying an expense or delaying a payment? Is it any different than mark to marketing? As long as one is upfront about it, there is no fraud. I've looked over their explanation and it all makes perfect sense. They have an explanation for everything they have done. There is no fraud. They are profitable. The audit and SEC will find nothing.

      • """WHEN is it "appropriate" to move expenses from one Q to another Q? "good accountants do this" Really???"""

        I believe he means a good account does not get caught. You are in a dream world if you think this doesn't happen all the time.

      • The company before Sept was on a HUGE upswing. What makes you think they need to cover the money to show more profit?? Look at the numbers they posted recently. if they were struggling I could understand.

 
DMND
27.97+0.01(+0.04%)Oct 20 4:00 PMEDT

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