Diamond Foods, Inc. (DMND) Earnings: An Early Look

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Still, the company is dealing with litigation from angry shareholders. Diamond got favorable news from a court in Delaware last week, when it dismissed a case brought by shareholders seeking damages for damage to the company’s reputation. But the decision cited the fact that the proper forum for the suit is in California, where another suit is ongoing.

In its quarterly report, watch for Diamond Foods, Inc. (NASDAQ:DMND) to address ongoing concerns about its accounting practices, and its relationships with growers. If the company can truly fix the damage it caused, then its cheap shares may become a true bargain.

The article Diamond Foods Earnings: An Early Look originally appeared on Fool.com.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends BlackRock and Procter & Gamble.

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