Diamond Foods "BEAT" every Q for the last seven. Who is
going to tell me that they've been cooking the books all this time and that they finally got caught. They are forcasted to even higher levels in 2012 so as far as 50 million goes I'm not worried. This company has what America needs for today's gluttons, SNACKS!!
Bernie Madoff went on for years cooking the books. (SEC must have uncovered something to call in Justice.) The best looking books are the cooked ones and Diamond's books are looking great. PG can't give away the Pringle's division so PG will suck cake as long as they have too unless Diamond gets imploded by a total re-do. Here is the great risk - a total re-do and a $16.00 stock minus a couple directors going to prison.
No if you read the REAL reports its pretty standard stuff. not every case is the WORST. Then again most assume it is. I remember people freaking on GMCR for cooking. Well they didn't.. So not every case is that way.
That was my point. Why would they risk ANYTHING in 2011 knowing they were going to double their revenue with Pringles deal. Remember their stock was at $61 at the time of the deal. No reason to pump it up. Now if it was in the 30's thenI could see. They are giving dividens. Another strong since of financial strength. People look at the FACTS not the assumptions.