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Diamond Foods, Inc. Message Board

  • stevebabc stevebabc Mar 3, 2012 12:34 PM Flag

    balance sheet

    Assuming the current balance sheet is correct, and there is absolutely no reason to assume that, but these are the figures we have to deal with. The assets of this company is worth $454,795 divided by 21 million shares values the shares at $21.65. or about 15% premium at today's price. With all the uncertainty surrounding this company it is not worth the risk/reward. Law suits and fines will erode this small difference in no time.
    What is more alarming is the removal of the CEO and CFO for what appears to me a minor infraction of the misappropriation of grower payments, sound more like they were cooking the books in a big way. Good luck to you longs and shorts hope it works out for you but I am out of here with my 10k shares and there are none to short according to UBS.

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