NEW YORK, NY -- (Marketwire) -- 12/14/11 -- The Processed Foods industry has been volatile of late. On one end, margins throughout the sector are benefitting as sugar, wheat, corn and soy prices have fallen dramatically in recent months. On the downside, negative press has pushed shares of some companies firmly into the red this quarter. The Paragon Report examines investing opportunities in the Processed Food Industry and provides equity research on Diamond Foods, Inc. (NASDAQ: DMND) and Kraft Foods, Inc. (NYSE: KFT). Access to the full company reports can be found at:
Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. Last week Sky News reported that Kraft will cut 200 jobs under plans which include a 50 million-pound investment in its chocolate and biscuit manufacturing. Kraft, who acquired the British confectioner, Cadbury, last year, assured British Politicians that it would make no compulsory redundancies among its blue-collar workers for two years. That agreement ends next March. The reduction announced last week will be carried out through redeployment and voluntary redundancies.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Processed Food Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
Shares of Diamond Foods were hammered on Monday after the company said it will delay filing its fiscal first-quarter results due to an ongoing investigation by its audit committee into the accounting for its walnut payments. Diamond said that it anticipates the NASDAQ Listing Qualifications department sending it a deficiency notice and that it plans to submit a plan to regain compliance as soon as possible.
Diamond Foods said that its audit committee expects to be able to finish its investigation by the middle of February. The company said that it will look to file its quarterly results "as soon as practicable" after the audit committee's investigation ends.
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