COMMENT: Kettle buy a long-term jewel for Diamond
By Katy Askew | 1 March 2010
Shares in Diamond Foods plummeted on Friday (26 February) in the wake of news that the US snack maker had struck a deal to acquire premium chip company Kettle Foods. However, investor-jitters aside, Katy Humphries suggests the long-term upside of the deal is likely to outweigh the short-term risks.
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Shares in Diamond Foods plummeted on Friday (26 February) in the wake of news that the US snack maker had struck a deal to acquire premium chip company Kettle Foods. However, investor-jitters aside, Katy Humphries suggests the long-term upside of the deal is likely to outweigh the short-term risks.
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