It hasn't been a great couple of months for Diamond Foods
We're No. 2!
These accounting irregularities and the resulting damage to the share price have delayed the completion of the acquisition of Pringles from Procter & Gamble
Or No. 3
Another food company plans to directly compete within the snack food category. Kraft
What do you think?
Could the accounting investigation uncover further issues? I don't think so, but only time will tell. As long as it is able to find and correct the problem, the pending acquisition of Pringles could make this company sparkle in your portfolio and provide you with some great snack alternatives for your kitchen. Keep an eye on Diamond Foods by adding it to your free My Watchlist by clicking here.
Fool contributor Robert Eberhard enjoys popcorn and other salty snacks, but owns no shares of the companies mentioned in this article. Follow him on Twitter, where he goes by @GuruEbby. The Motley Fool owns shares of PepsiCo. Motley Fool newsletter services have recommended buying shares of Procter & Gamble and PepsiCo. Motley Fool newsletter services have recommended creating a diagonal call position in PepsiCo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.