Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of packaged-food company Diamond Foods
So what: Diamond has been on an acquisition spree in recent years to broaden its lineup of snacks, and yesterday evening's earnings beat -- $0.52 per share versus the consensus of $0.44 -- is yet another sign that the strategy is paying off. In fact, the shares are hitting a new 52-week high on the news and have now more than doubled over the past year.
Now what: Expect even more growth to come. Thanks to its $1.5 billion purchase of the Pringles brand from Procter & Gamble
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