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Diamond Foods, Inc. (DMND) Message Board

  • mystic1973_m mystic1973_m Feb 9, 2012 1:45 AM Flag

    Simple ANALYSIS of DMND ACCOUNTING Issue

    Here is my take after going through different articles,key stats and all--please look at the WSJ report as well...

    1.Book value per share is $20.63
    2.DMND has shifted costs by $80 million over 2 year period-didn't book false revenues or BOOGY SALES.
    3.DMND has been under scrutiny for accounting practices,which caused its share to drop from $90 to mid $30s-which means they are trying to come clean.
    4. P&G deal isn't happening unless DMND comes out clean with their accounting practices.
    5. Finally Audit committee declared correcting revenue...which is a BIG plus for investors..
    6.Its a BIG step for cleaning house and focusing on making deals with P&G...
    7. Revenue RESTATEMENT is a very common practice....doesn't mean its an end of a PROFITABLE BUSINESS...

    THIS STOCK SHOULD GO UP-those who have TOS can read this article in news section...

    http://online.wsj.com/article/SB10001424052970204369404577211490040427400.html?ru=yahoo&mod=yahoo_hs

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DMND
28.61-0.10(-0.35%)Sep 30 4:00 PMEDT

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