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Diamond Foods, Inc. (DMND) Message Board

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  • cleto487 cleto487 Feb 13, 2012 5:01 PM Flag

    Management has huge challenge of finding way to bring down Expectations of earnings

    could they not issue a statemnet and say " due to the adjustmnets in treating certain expenses all past projected forecasts must be lowere d to reflect these realities as such we expect 1st qtr at 49 cents" or something like that?

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    • To date nothing has been stated that would indicate a lowering of 2012 forecasts is required.
      All re-statements are for 2010 and 2011.
      I am certain that as soon as the new CEO/CFO can get their arms around the data and are confident in the numbers they will put them out. They certainly want to be extremely careful under the curcumstances. Their obligation is to be accurate, not optimistic.

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