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

Diamond Foods, Inc. 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.


    SortNewest  |  Oldest  |  Most Replied Expand all replies
41.56+0.26(+0.63%)Nov 27 12:59 PMEST