By: Herb Greenberg | 02/11/14 - 10:58 AM ESTTheStreet) -- I have no idea what the short interest was in Ralcorp when it was bought last year by ConAgra (CAG), but I'm beginning to think it might have been higher than average. When ConAgra bought Ralcorp a year ago, it was a big deal. Ralcorp was the largest U.S. maker of private label foods and, on the deal, its stock jumped 26%. It was also one of those activist plays, with hedge fund Corvex's Keith Meister (the guy from ADT (ADT)) on the board -- pushing for the company to sell itself. Fast-forward to today: ConAgra doesn't mince words in its earnings release, with a not-so-subtle confession that Ralcorp is giving it indigestion.
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