Bear of the Day: Diamond Foods
by Zacks Equity ResearchJanuary 10, 2013 | Comments : 0 Recommended this article: (0)
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Total sales dipped 10.1% year over year to $258.5 million, and missed the Zacks Consensus Estimate of $274.0 million. The company's performance may also get a hit due to difficulty on its part to secure walnut supplies and repair its ties with growers.
Otherwise, a highly leveraged balance sheet may stop it from taking strategic initiatives. Further, continued macroeconomic headwinds, intense competition, product recalls and fluctuations in raw material prices may undermine the company's future growth prospects and sustainability.
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