yes, my thoughts exactly. Pringles is off the table. Proctor said if any wrong doing was discovered, the deal could be called off. I don't see Diamond being able to make it happen anymore. Maybe after another year or so, but not this year. Lawsuits will be paid. Chart says 20, it will test that.
The real question has to do with 2012 earnings and the Pringle deal. If the restatements and the removal of Mendes have the effect of mending fences with disaffected growers, 2012 may not be too badly affected. P&G knew the restatement was coming, may be the place they will look for Mendes' replacement if the Pringles deal goes ahead in some form. DMND has at least eliminated much of the uncertainty surrounding the stock.
In AH,m DMND is trading at about $22 and is being featured on Fast Money by Herb Greenberg.
no u are assuming that theyDIDNT take into accoun, but the audit committe never talks about missing money or expenses BUT ONLY not accoun d in teh correct the correct periods, so i believe taht hey will lower or increase another and it will smooth out thats all..
doesn't matter. lawsuit settlements will be at least 100 million. they will lose the lawsuits. obviously must settle. and PG has other offers now. it's over. this is a 15-20 stock and no more for at least 3-6 months.