As we've hit the halfway point for 2012, now's a good time to look back at what's happening with the stocks that interest you. By making sure you know the important things that a company accomplished -- as well as the setbacks it experienced -- you can make a better decision about whether it's a smart investment for your portfolio.
Today, let's take a look at Diamond Foods
Stats on Diamond Foods
|2012 YTD Return||(44.2%)|
|Market Capitalization||$397 million|
|CAPS Rating (out of 5)||**|
Sources: S&P Capital IQ, company reports.
Why has Diamond Foods fallen flat in 2012?
Diamond Foods largely remains in limbo. Ever since an accounting scandal cost it the chance to buy the Pringles snack-food division from Procter & Gamble
Obviously, a lot depends on what the restated financials show. Before the scandal, Diamond Foods seemed to be a growth machine, so if any of that potential survives in the restated figures, then the stock could soar from current levels.
Still, the snack foods industry looks like it will get even more competitive in the future. PepsiCo
Diamond Foods has the huge risk involved in any turnaround play. If you'd rather look at prospects that aren't quite as speculative, let me invite you to learn about three smart long-term stock plays in the Fool's latest special report. It's yours for the taking and is absolutely free, but don't miss out -- click here and read it today.
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