Sat, Sep 20, 2014, 3:34 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Diamond Foods, Inc. (DMND) Message Board

  • jessito11 jessito11 Jan 7, 2013 12:41 AM Flag

    Hormel Foods purchases Skippy (peanut butter) for 700M

    Skippy generates ~370M in annual revenue. Gets taken out for 1.9x revenue.

    That is a pretty significant premium I would say. Both Hormel and Unilever investors applauded the deal. Diamond could have a similar fate, sooner rather than later.

    There is a ton of consolidation in the food/snacks industry as we have witnessed in the last several months. Currently sitting near an ALL TIME LOW, Diamond Foods is a prime takeover target now more than ever before (I know it sounds like a broken record). One has to wonder why it is flying under the radar especially now that they are current with the SEC and Nasdaq.

    I also notice that the last month of trading has been dead money (both for shorts and longs) and is forming a nice consolidated base with three higher bottoms. We could see a breakout from here.

    source: http://finance.yahoo.com/news/lunch-meat-maker-hormel-orders-174033649.html

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
DMND
27.17-0.22(-0.80%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
TC PipeLines, LP
NYSEFri, Sep 19, 2014 4:00 PM EDT
Oracle Corporation
NYSEFri, Sep 19, 2014 4:00 PM EDT