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Diamond Foods (DMND) Sees Upside

January 4, 2012 10:16 AM EST
Embattled snack-food maker Diamond Foods, Inc. (Nasdaq: DMND) is seeing mid-day action. Shares are up 3%.

Diamond Foods' audit committee has an ongoing investigation related to accounting for certain crop payments to walnut growers.

There are some questionable rumors about favorable results of the audit but the source of these rumors seems iffy at best.


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