Executive Decision: Diamond Foods CEO Michael Mendes
Diamonds Foods reported a better-than-expected quarter on Wednesday, and then the stock proceeded to drop seven points – Diamond DMND lost a bout a quarter of its value on an earnings beat!
Cramer needed to find out why, so he brought CEO and President Michael Mendes on the show. Check out this video to hear what the chief exec had to say about his first-quarter performance, generics competition and, yes, alleged problems with the walnut crop. And find out why Cramer said the opportunity to get into Diamond Foods now is “just too great.”
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