Look at what accounting issues did to DMND over the years. Today's bounce is a pittance compared to where DMND was.
DMND is up today because of a settlement regarding an investor lawsuit. Look at the 5 year chart and how DMND plummeted and didn't recover. At its peak at least one major holder of CRM was a major holder of DMND. After DMND's first large move down from the 70-80's to the 40's-50's or so, large ownership by at least one of the main holders remained. Apparently, somewhere along the way, as DMND dropped into the 20's that institution sold all its shares, perhaps hiding the losses in mutual funds that had gains in other stocks.
DMND ran into trouble because of accounting issues. It's an example of what can happen to a stock with accounting issues. Today's $3 price bounce in DMND is only a win for those who bought lower, not at 40, 50, 60, etc..
I meant to post this on another stock's message board. I hope the retail holders of DMND receive good settlements. I wasn't criticizing retail holders. I was referring to how a large institutional holder misled investors and avoided negative press.
People will also get some of that money. I know I will get some. Yet the stock price above $40 was inflated by cooking books and a possible Pringles deal. . It's not or never a $90+ stock. Yet it's also not a $20 stock. Some where in the 30's we should hopefully be in by end of year.