Dean Foods stock drops as much as 34% as company says cheap milk taking a toll Published: Aug 7, 2019 10:13 a.m. ET 6 Dean Foods shares on track for the biggest one-day percentage loss since May 2010
https://www.marketwatch.com/story/dean-foods-stock-drops-as-much-as-34-as-company-says-cheap-milk-taking-a-toll-2019-08-06
Downgrade was to Caa2, which means high risk and is only 2 notches above Moody's worst rating of C
What was it downgraded too? Sell sell sell?
Major reason for drop today is another downgrade by Moodys.
Down to 76 a share right now looks like going south quickly. NOT GOOD NEWS something going ?
New guy probably just starting to figure out just how big of a mess the company is in. Nothing he does is going to magically turn things around quickly. But we should get an idea of a direction soon. If he listens and starts implementing ideas from the people who actually do the work instead of the MBAs then that leans towards thinking there might be a chance for a turn around. If he cuts more jobs and calls it cost savings like Ralph, then we'll know nothing has really changed.
Yeah. How low can it go this time? New guy ain't done much hopefully he does soon before it's too late
Its below a dollar again