Within the next few months there will be a short squeeze of epic proportions. Most likely when nobody is expecting it. Patience will be rewarded here.
I've looked at every beaten down stock in the market and only DMND stands out as having any real compelling reason to buy.
If you do not believe that this was some massive Enron fraud, then it is enormously undervalued by any metric.
This is one of those rare opportunities to own a company in the hottest consumer staple segment around, with International appeal and rapid growth for a fraction of its real value.
None of the large institutional owners have bailed here (they would have to file 13-Ds) and even the normally trend following analysts are still somewhat on board (no sells across the board). It seems like there is a 95% chance that earnings will be restated without a hitch and DMND will trend back to the $60s where it was before the Pringles deal was even publically announced.
This may take a few years to sort itself out, but I am betting the farm that it will eventually.