Jim (cont'd):   

When I say this market is nuts, I'm not just talking mixed nuts...

Diamond Foods, which is a company we like very much... reported a great quarter... better than expected... and the stock promptly dropped seven points... more than a quarter of its value...

Why, we've got to find out what that's about... I mean, nuts... At the football game, you know that I'm going to go through all of these just this Sunday...

 

What is the deal with a market that can punish a stock like this, and maybe it's an opportunity...

Michael Mendes is the president and CEO... Mr. Mendes, welcome back to Mad Money...
 

▼   ▼   ▼   ▼   ▼

Jim's comments AFTER the interview:     Alright, what happened here... a guy downgraded... it had a big run (down)... and didn't realize that the downgrade would really crush the stock, I believe... The analyst felt that the projections were as aggressive as he would have liked... What I look at this as... If you think the recession is going to be long and deep, you buy a company that makes things like this... even if you think the economy is going to bottom out... this opportunity to get into Diamond Foods, Inc. (DMND) is just too great... I think you should take it.