Diamond Foods "Diamond Foods announced it has secured a $225 million investment from Oaktree Capital to recapitalize," D.A. Davidson analysts wrote in a May 24 report. "The investment supports Diamond's long-term strategy for growth in the snack business, while enabling the company to reaffirm its leadership position in the walnut industry and further pay down debt. This, along with the final filing of the restated financials (expected in the next couple of weeks), is the last dose of medicine we expect the company to take before resuming its reputation as a high-growth snack foods company." Shares of Diamond Foods hit a 52-week low Monday of $18.83. The stock's 52-week high of $96.13 was set on Sept. 21. Diamond Foods' forward P/E of 7.72; the average for its peers is 18.05. For comparison, Ralcorp ( RAH) has a higher forward P/E of 14.21. Ten of the 12 analysts who cover Diamond rated it hold; two analysts gave the stock a buy rating. The stock has fallen 40.35% year to date.