Dean Foods (NYSE:DF) is up 27.7% as investors decide the company’s plan to stick with a standalone operating plan provides upside potential.
There are no reports of an activist or institutional investor building a stake, but today’s action suggests that could be a possibility. Another alternative offered by One Hat Research is that speculation on a longer path to a DF bankruptcy is behind the action following the Dean Foods disclosure.
Dean’s statement on its standalone decision: «We will move forward with an increased focus on our customers and leverage our many competitive advantages – including our portfolio of strong national brands, extensive private label capabilities, category leading position and our uncompromising commitment to quality, safety and service – to drive profitable volume.»
Despite today’s push higher, Dean Foods is down over 60% YTD and 80% lower for the last 52 weeks.
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Source: seekingalpha.com
