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Diamond Foods, Inc. Message Board

  • lawstuff22 lawstuff22 Feb 9, 2012 8:29 PM Flag

    DMND NEWS....From CNBC

    Diamond Foods(DMND_) was down 37% today after announcing plans to restate its financial statements for the past two years.

    Still, Tim Ramey, of D.A Davidson, maintained a buy rating on the stock, with a price target of $44. Ramey said the audit committee report is clear that there was no intent to push costs through, adding the walnut costs were close to what should be accrued.

    Tamey said Diamond Foods can either continue operating its business or sell off some of its assets. He said he thinks it will continue to run the business, which he maintained was untouched by the scandal.

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31.37-0.48(-1.51%)Oct 6 4:00 PMEDT