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hebercreeper

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hebercreeper

Re: None

Friday, 01/10/2014 1:58:56 AM

Friday, January 10, 2014 1:58:56 AM

Post# of 154
Somewhat OT: Diamond Foods settlement bullish for chestnut plays that might be only mostly legit?

Diamond Foods Inc. will pay $5 million to settle charges by the Securities and Exchange Commission for its role in an accounting scheme.

The SEC said Thursday that it charged the San Francisco-based snack maker and two of its former executives for their roles in the falsifying walnut costs in order to boost earnings.


http://finance.yahoo.com/news/diamond-foods-pay-5-million-194123252.html

So this tells us that deflated nuts as an input isn't really that big of a deal.

FWIW, I still expect this take private to occur, even after all this time. Stock
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