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Diamond Foods, Inc. (DMND) Message Board

  • joeschmo_4 joeschmo_4 Mar 12, 2013 2:07 PM Flag

    So Woog - Would you be accumulating in the $15s?

    Probably oversold at these levels ... you seem to have the most level opinion of most on here ...


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    • Hey Joe,
      I'm remaining firm with my positions (some in ROTH, some in cash AC) that were established last Feb / March. When I bought, I considered my buy as a speculation (and still do!). Experience has taught me not to speculate with a lot of bucks (hence no more buying). Obviously when I bought, I felt 24 and change was a decent entry, but that was really only a guess--particularly because DMND was void of any fundamental info.
      I just read a post that implored DMND to get an activist investor who would "fire the Board/CEO break up company for 50%+ higher value". I just don't see this happening anytime soon! If DMND were to be sold tomorrow, I'm betting that most longs would be appalled at the terms. IMO, it will take QUARTERS to right the ship. While my positions are underwater, at least I've been (somewhat) entertained by the whole story.
      As for the my macro investing picture; I've kept track of my portfolios' returns vs various indices and (shockingly!) some years I've done better and some worse. While I enjoy investing in individual equities, until I lose a few individual positions, I won't be buying any individual equities. Any new money is going into VTSAX, Vanguard's Total Market Index fund. Come August 7, I will have been invested in this fund for twenty years--and have yet to sell any shares. A/O year end, I have approx. 25.3% of all of my investments in a total market index fund. Tax efficient to boot! Perhaps too much info, but the above may be beneficial to some (particularly keeping ACCURATE results so that one can objectively compare their results with other benchmarks).

      So long story short, I won't be buying more shares in DMND!

      Last I heard from you, you were flat. Thinking about joining the party once more?


      • 1 Reply to wooglin_kai
      • Hi Woog -

        I sold out of DMND back in January but have been following the company since then. My hunch was that PE or a similar white knight was going to save the company from its problems. That may yet still happen but for the time being their earnings and capital structure suggest more risk than I'm willing to take at the moment.

        I've raised alot of cash in the last two weeks and am eager to buy - but having gone through several Spring Selloffs when I wish I had capital to invest, well I'm not going to make that mistake now. The overall mkt looks toppy to me - I may be wrong - but a quick sharp correction wouldn't surprise me any day soon.

        Getting back to DMND - institutions don't seem to be in love with the intangible value many on here post regarding Pop Secret, Emerald, and so forth. They want to see earnings. Share prices above $16 suggest to me a takeover premium is still in effect.

        I'll continue to monitor this one ... GL to you and fellow Longs,

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