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Give me your opinion of Diamond Foods, Inc. (DMND)..

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Posts: 5

DiverRon

Veteran

Joined: Jun, 2008

Posts: 3809

Posted: Jul. 27, 2012 - 12:44 AM ET #1

what do you all think of

Diamond Foods, Inc. (DMND)?

0

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Jul. 27, 2012 - 1:44 AM ET #2

A massively falling knife..

They are seriously choking on debt, look at their balance sheet..

3M in cash and 550M in debt?

I dont see how they keep that paltry dividend going given their cash flow problems.

It also looks like they are having delisting proceedings and are having issues filing their SEC reports. I am shocked the stock is over 5 bucks given this horrible news.

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SiMbEcK11

Veteran

Joined: Jan, 2009

Posts: 1231

Posted: Jul. 27, 2012 - 3:12 AM ET #3

Agree with wall street their cash and short-term debt raises flags. Other than that their inc statement looks good. Growing revenue and net income. They have 3 M in cash and 185 mil in short-term debt. Not sure how that is going to work

They have decent return on equity at 11% and analysts expect it to grow at 15%. If you can get over the cash flow, the stock is dirt cheap, P/E ratio of 7 when it is expected to grow at 15% over the next 5 yrs. The only 3M in cash and 185 mil short term debt is worrysome.

The company's CFO and other financial managers suck balls. They have so little cash because over the last 3 years they have lost a shit load of cash from investments which is pitiful. They need a new CFO asap.

But, overall DMND is cheap as hell and is growing year over year. The cash and debt raises a red flag but if the company didn't lose so much from investing every year they wouldn't be so bad off.

Already bounced off its 52 wk low. How much lower can DMND really go. This may very well be a bottom for them, could be wrong though.

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DiverRon

Veteran

Joined: Jun, 2008

Posts: 3809

Posted: Jul. 27, 2012 - 7:36 AM ET #4

Thanks guys, pretty much what i thought: my brother asked me: two words came right into my head "FALLING KNIFE" just like wallstreet said; i always love your opinion wall and thank u! If u r in vegas 2nd week of august dinners on me bro; anyway, he has cat, cmi, hum, mon, and amzn all of which I like alot!!! Dont know what got into his head with dmnd?!?!

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mainmanmainman2

Veteran

Joined: Feb, 2011

Posts: 4357

Posted: Jul. 31, 2012 - 9:10 AM ET #5

when they ipo'd i was there. i snap'd a bunch of ipos during that period.

wall street owns any company that ipos during a "freak" period like that. similar to facebook/znga/and w/e era that is curr fk'd up right now.

always be cautious when wall street dictates mainstreet.

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Give me your opinion of Diamond Foods, Inc. (DMND)..

Diamond Foods, Inc. (DMND)?

Diamond Foods, Inc. (DMND)?

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