Earnings report due. And rumor from the street is a -.23 eps loss.
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I wouldn't expect everyone to have a next company. Just don't see any one company buying everything and some plants likely to be sold to companies that will repurpose them into totally different businesses.
They announced chapter 11 and they're selling essentially all of the assets.
Decision time. Jump ship, or ride it into the next company?
Companies love to lay-off the blue collar American worker over the holidays. Dean Foods is no exception. Better pinch your pennies because it’s going to be a wipeout tomorrow.
That would be good news for us on the sinking ships!!!
Mike Wells from Wells Enterprises in Le Mars is chomping at the bits to buy up some of the plants capable of producing ice cream and whey for pennies on the dollar. Matter of fact he sold the Le Mars milk plant to Deans in 2008 and can buy it back for a third of the actual value.
They do have the capability to produce whey for ice cream and function as a local dairy for the upper Midwest.
That’s the rumor here at Wells corporate here in Le Mars.
Google dean foods bondholder selloffs.they are getting lawyers and want out of the bonds now.this was 6 days ago
If earnings are in fact a loss of 23 cents per share, that would equate to the 5th quarter in a row of missing earnings expectations. Wall Street is weird- if you hit what the analysts are predicting even when they are predicting a loss, then your stock typically goes up a bit. When you miss predictions, then your stock goes usually down. At around 80 cents per share, there isn't much further you can go down and 30 days or more of below a $1 a share is when the delisting process starts to happen (doesn't happen automatically at 30 days, but process to get it delisted starts at 30 days). If delisted, bankruptcy almost certain as it would k–l ability to continue to borrow to stay afloat. The rest of the financials are also going to be interesting this time- how much cash on hand, etc.
Time to jump off this sinking ship
What does that equate to?