Mgmt mentioned in dec meeting with all walnut growers
Feb announcement pops to 20+ eps goth back huge
Analyst who lowered eps tues is really just helping shorts clearly or has no business in finance
Long dmnd stock is a easy double in a year takeout by oaktree also possible
I think the above meant strong buy. I am think the Earnings will come back strong with Wlanut growers going back and getting aligment. It a win win fro both the growers and DMND.
Huge discount today, and a takeout should get the stock into 25-30 range on conservative side, if someone like oaktree is lucky and wants it. Once these issues are resolved the stock should be at 25
and the take out would be more like 35-40.
Huge upside and all the bad news is behind them.
Also seeliing any asset would create a POp and short covering rally.
This is baloney, there are a few suspicious id's posting absurdly bullish messages that are not correct and do not make much sense. Earnings will come back in a slow but steady progression, walnut growers are not going back, but are hopefully holding steady. There is no huge discount in share price, a hostile takeover of dmnd is not possible due to the company having mechanisms approved in advance to prevent that., the stock will not be at $25 until well later, and there never ever will be a "take out". All of the bad news is not behind them, but much of it is. I almost wonder if there is a hedge fund selling call options, that is auto posting these excessively bullish messages that are not even written properly. Stocks go down quickly but up slowly, be careful trying to make a trade on call options based on the earnings report today. I think the high call to put ratio is not a healthy sign in this case.