Dean Foods Co. (fka DFODQ)

[TuMaRu]

It could be $1.50 or more by Feb. end, just a hunch. DF in play and for some reason everyone wants a piece of it. If it was really bad and assets were worthless, why would Rabobank extend 850 million in DIP loans to them? In my view, equity has more than a passing shot. Just the massive infrastructure needed to supply 30% of the nation's PROCESSED milk will force DFA, lenders, DOJ and others to reckon with this company.

[RAlbert]

The good thing is

The company is operating
The company owns real estate, operating equipment, revenue and working machinery
The products are daily consumption needs for human life

Price is already reflecting the present situation.
This is much better than many OTC stocks currently listed

By the month end it will be above .50 is my gut feel. GLTA

[ROCKY LEDGE]

In. Agreed. Good trade here @ 23 me thinks! Imho.

DFODQ

[greg19440]

590k shares buy at the ask? interesting

[PAC]

It hit. 26s which was my target. As long as the hourly chart holds, maybe tomorrow

[TuMaRu]

Thanks, same for you. Do you think it crawls back into low 0.30s in the afternoon today?

[Tduggylolz]

whats up

[Tduggylolz]

whats up

[PAC]

Hope it goes well for you

[TuMaRu]

You're correct. It already reversed course and passed 0.22. Lets see if stays north of the 50-day MA and tries to breach 200-day over the next few days as you said. Deans assets have great value and most WS analysts agree their replacement cost is over $1.5 billion (supply chain, distribution network, vendor relationships) but value lies in the eye of the beholder.

[SC777]

Over-correction yesterday, back up she goes.

[TuMaRu]

What is VERT? yes, there was lots of price manipulation but its an OTC penny stock so that must be the norm. The lack of news from the company doesn't help, not one PR in the 3 months since Ch. 11.

[RAlbert]

I made paper loss for quick jump in from yesterdays fall. 40% Paper loss in one day... Hope to see some news tomorrow to have it on breakeven...

[PAC]

I think they shook out bunch of people. Tomorrow it reverses

[SC777]

VERT being a savage today. I still think this fills gap, heavy manipulation last 2 days.

[TuMaRu]

Next support seems to be at 0.15 now that the uptrend got broken by no news from the company. They not only bungled their business but can't even manage a good PR story.

[RAlbert]

There is still room to go down to .10 unless game changer announcement comes

[PAC]

DFODQ .22 reloading zone. Let's see if it sets up to ramp to .60+ gap fill area

[TuMaRu]

Note: my comments are entirely speculative and could be wrong about it. Deans in really bad shape due to its own mistakes. But it has a lot of institutional stockholders (70%) and they likely are holding the money of farmers, small investors, etc. So it will be a double blow to gut the pensions AND wipe out the stock, which court might not allow. Then again, no equity committee has been approved. The reason PPS may increase would be to bring it over $1, stabilize the price, put window dressing etc. just to give the appearance that DFA is buying a semi-respectable company, not outright junk.

[TuMaRu]

Can't say if DFA will bid more than 200-300M for Deans' assets, or they'll be forced to swallow the pill and buy the entire company by the lenders, DOJ, etc. They are already owed 175M in receivables so if the bid is 325M lets say, that is a total of 500M for them due to having to forgive the A/R. I doubt anyone else has bid on Deans but let's see. That 325M will obviously be a low bid, Deans is asking for as much as 20M per plant. And even when combined with remaining DIP of 700M after 2 months of BK, still barely enough to partially pay off the notes and some trade vendors. Pension plans will be gutted by the court and PBGC. what does that leave for equity?? No idea maybe a price rise between $3-$5 depending on what else the street knows.

[RAlbert]

What would be your price gesture when the merging or takeover news is out? I am sure their total assets are much less than their total liabilities and hence filed bankruptcy.

Since court cleared path to merger, for such a size of company, I believe $1 mark is not difficult to achieve.

[RAlbert]

Bought big at .30 Hope the merger eventually comes soon

[TuMaRu]

Forgot to add that they have about 1700+ Mercedes Benz trucks, 2500+ trailers, tractors and carriers, plus other vehicles. So the value could be >100M, not 50.

[TuMaRu]

Looks like a massive run coming up, or short squeeze, or both... out of stated PPE (Plants, Property, Equipment) DF has real estate worth 500M+, delivery trucks and vehicles at 50M+, and about 50-60 plants each valued at 20M+. Even at distressed prices, EV is at $700-800 million. Wonder why they even declared Ch. 11 in the first place?? Deans should relist and trade back on big board.

[rancher64]

Closing Green. March for $0.50 next week

[ROCKY LEDGE]

In...31's....have to trade this again! Imo.

DFODQ

[aristotelisonassis]

Wow!

[PAC]

DFPDQ .39 gap

[rancher64]

Huge news - a buyout news

https://www.wisfarmer.com/story/news/2020/01/28/doj-probes-possible-dean-foods-dairy-farmers-america-sale/4597448002/

[deadjim]

Man, I had a huge hunch this thing was gonna run when it was sitting at a nickel. Guess I missed that one. Still have WINMQ left though. will probably miss that one too

[interloper]

I think it closes the gap (.70) and possibly hits the 200ma (.94).

[rancher64]

$0.45 tomorrow, $1 next week

[rancher64]

Deal soon. $3+

[ALL-IN888]

WTF Should've Bought this @ .15

[rancher64]

Merger, Buyout $3+ possible

[UNDAUNTED]

I said I wasn't going to cry but if it hits 40 today I just might!

[PAC]

DFODQ. 31 +70%

[UNDAUNTED]

And just like that she shoots to $0.24...well, I made good on it 3x already, not gonna cry. Congrats to all those still holding!

[UNDAUNTED]

I've bought and sold this twice in the last 4 weeks for a nice profit. I was currently in at $0.08 and out this morning @ $0.197 but looking to get back in, maybe today, on a good dip to the $0.15 range, then ride this thing into the 30s, maybe beyond.

[PAC]

DFODQ .19 gap. Looking for .27

[PAC]

DFODQ. 14 setup

[Bkstocks007]

Bonds are moving up a bit ...good sign if bonds go up with equity..I seen this in the Chemtura , Visteon , American Airlines and pilgrims pride bankruptcies and all of them ended up with money left over for shareholders..hopefully dean will also have some money left over after it’s all siad and done too

[cootcat]

Borden … Might file for Bankruptcy

[cootcat]

What go up must come down

[davidsson10]

+$$$ DFODQ

[81vette]

look at my latest posts(don't want to break rules,posting other tickers)

[interloper]

Please do tell

[81vette]

gotta love Q squeeze,i just found another@.02ish,war oil energy play

[interloper]

Don’t look now...... squeeeeeeeze

[81vette]

accumulating,shorts covering,could squeeze,charting up