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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: turnaround_seeker who wrote (163)	3/13/2012 5:31:56 PM
From: KirbyJF1	Read Replies (2) \| Respond to of 1876

RE: Diamond Foods DMND Hi Rooky ((In a very simple nutshell)) They had the 2 top officers move some payments to Walnut Growers in the wrong quarter. The board was forced to restate their earnings for the last 2 years. ((this probably helped their bonuses & they were terminated)) There is a rule on the street to sell on any accounting problems.((Rightfully so)) However, its my contention that enough time has lapsed & since no more cockroaches have appeared & the company could be sold in a minute for $30.00 to $35.00 a share. JMHO The company said interim CFO Michael Murphy of Alix Partners, a consultancy specializing in business turnarounds, is working with the company's banks and addressing financial reporting and restatement issues. Alix partners is a top notch company Kirby