Diamond Foods (DMND) Higher As Investors Wait for Audit Results
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Embattled snack food maker Diamond Foods, Inc. (Nasdaq: DMND) is seeing action today. Investors are waiting on the results of an audit of payments to walnut growers and ultimately the final word on its purchase of P&G's Pringles brand. Shares are up 3% today although we are not seeing any news.
The Audit Committee recently said it anticipates being able to conclude its investigation by the middle of February, 2012. Although some see it coming out earlier.
The Audit Committee recently said it anticipates being able to conclude its investigation by the middle of February, 2012. Although some see it coming out earlier.
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