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Diamond Foods (DMND) moves 6.8% lower premarket after Jefferies calls the company "overvalued"...

Diamond Foods (DMND) moves 6.8% lower premarket after Jefferies calls the company "overvalued" and cuts its rating to Underperform. After sizing up the restated financials from Diamond covering the last few years, Jefferies finds the downside scenario calls for an abrupt fall to a level as low as $3 a share.
Comments (3)
  • chopchop0
    , contributor
    Comments (3523) | Send Message
     
    yup.... who knows what else is in this nasty bag of surprises. It took them this long just to figure out the financials (or so they think)
    19 Nov 2012, 09:08 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8659) | Send Message
     
    Ouch. Bankruptcy imminent?
    19 Nov 2012, 09:36 AM Reply Like
  • Mark Krieger
    , contributor
    Comments (4096) | Send Message
     
    if they say it could fall to $3, then why the hell do they have a $10 price target? This sounds like classic "bash and buy.".the exact opposite of pump and dump
    20 Nov 2012, 07:52 AM Reply Like
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