Costs Fall Dramatically for Diamond Foods and Kraft
December 14 2011 - 8:16AM
Marketwired
The Processed Foods industry has been volatile of late. On one end,
margins throughout the sector are benefitting as sugar, wheat, corn
and soy prices have fallen dramatically in recent months. On the
downside, negative press has pushed shares of some companies firmly
into the red this quarter. The Paragon Report examines investing
opportunities in the Processed Food Industry and provides equity
research on Diamond Foods, Inc. (NASDAQ: DMND) and Kraft Foods,
Inc. (NYSE: KFT). Access to the full company reports can be found
at:
www.paragonreport.com/DMND www.paragonreport.com/KFT
Kraft Foods Inc., together with its subsidiaries, manufactures
and markets packaged food products worldwide. Last week Sky News
reported that Kraft will cut 200 jobs under plans which include a
50 million-pound investment in its chocolate and biscuit
manufacturing. Kraft, who acquired the British confectioner,
Cadbury, last year, assured British Politicians that it would make
no compulsory redundancies among its blue-collar workers for two
years. That agreement ends next March. The reduction announced last
week will be carried out through redeployment and voluntary
redundancies.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Processed Food Industry register with us
free at www.paragonreport.com and get exclusive access to our
numerous stock reports and industry newsletters.
Shares of Diamond Foods were hammered on Monday after the
company said it will delay filing its fiscal first-quarter results
due to an ongoing investigation by its audit committee into the
accounting for its walnut payments. Diamond said that it
anticipates the NASDAQ Listing Qualifications department sending it
a deficiency notice and that it plans to submit a plan to regain
compliance as soon as possible.
Diamond Foods said that its audit committee expects to be able
to finish its investigation by the middle of February. The company
said that it will look to file its quarterly results "as soon as
practicable" after the audit committee's investigation ends.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
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