A longtime friend of mine, who has been working at Diamond in san francisco HQ for several years, told me that the company is going through a quiet period and has there has been talk inside the company about shopping for potential suitors. He knows a lot of people in the finance department said that they were close to a deal about a month or two ago with a "large well known snack company". He doesnt know much more but has said in the last month that hiring has frozen and a sudden company wide hands on meeting was scheduled in mid september.
I find it strange that they decided to release revenue estimates so early, as well as settling the lawsuits so early. Precursor to a buyout IMO within the next few weeks.
There is no buy out--look at the out month calls. You can buy a $10 Jan. call at almost the price of the stock. Don't you think people would be more willing to pay up if there was a buy out? You are full of it.
Doubt we'll ever hear from waltersam again given her above attempt at humor is her only post for the past three months.
"a sudden company wide hands on meeting was scheduled in mid september." still makes me laugh.
Apparently the hiring freeze is over; a quick search on DMND's site yields several employment oppourtunites including one that was posted just two days ago for a "Technial (sic) Services Analyst for the Salem, OR locaction.
They canceled the meeting because waltersam gave away the secret. Unless they get an offer north of $50 per share I would rather wait for the stock price to increase to higher levels before a buyout happens.