Seeking Alpha

BB&T sees value below the surface at Diamond Foods

  • Shares of Diamond Foods (DMND +10.4%) trade higher after this morning's BB&T upgrade.
  • The rationale behind the bullish call: It's just a matter of time before the company gets past overhangs from Oaktree and from its 2011 walnut accounting fiasco.
  • "Once accomplished, investors will be left with an attractive, instituted cost savings program, improving margins, and in our opinion, a potential takeout candidate," BB&T says.
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