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Diamond Foods


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2013 May 21, 3:04am   4,774 views  7 comments

by SFace   ➕follow (7)   💰tip   ignore  

This is a stock that is being accumulated quietly. It's been on my radar as a San Francisco company and the accounting scandal that was strightened out last year. They own the Pop Secret, Emerald snacks, Diamond nuts and Kettle chips brand you see at Safeway/Costco/Walmart. Lots of debt fueled by acquisitions and nut growers leaving Diamond for good reasons,but the brands have value and there looks like "outs" to fix the debt situation. They'll eventually get growers back on their side as farmers just want to sell all their inventory to a known buyer. One time charges killed cash flow last year.

200 Day moving average cross positive
50/200 Cross positive
MACD green,
RSI, Green.

A clear accumlation sign.

It kinda reminds me of Green Mountain Coffee Roaster ("GMCR") when it went into the 20's. so I place a small bet on it. Sold JCP before earnings. I'll need to see JCP turn it around now.

Comments 1 - 7 of 7        Search these comments

1   OnTheFence   2013 May 21, 3:19am  

Up 4% today . Bought at $17.25

2   Facebooksux   2013 May 21, 7:50am  

As long as you can buy their stuff with EBT---> GO LONG!!!

3   bmwman91   2013 May 21, 8:04am  

Aaaaah Diamond. That was my first "real" engineering job where I worked as an intern. Back then it was just Diamond Nuts and the newly launched Emerald Nuts product line. My claim to fame there was designing the roasting line for the candied walnuts for McDonalds' new (at the time) Fruit and Walnut Salad. Food manufacturing was very interesting, not something that I wanted to do forever, but it was interesting to see how stuff goes before it hits grocery store shelves.

4   mell   2013 May 22, 2:48am  

pop chips are the first non-fried chips that actually taste good.

5   OnTheFence   2013 Jul 2, 9:47am  

Just sold @ $20.96. Nice little ride

6   Eman   2013 Jul 3, 2:14am  

OnTheFence says

Just sold @ $20.96. Nice little ride

Congrats. That's a stellar return for 1.5 months.

7   OnTheFence   2013 Jul 3, 3:41am  

Let us know if you settle on a couple of stocks. Thanks again SFace.

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