Del Monte Foods Goes Long Dog Food?

Del Monte Foods Company (NYSE:DLM) CEO went on record today talking up how the company is going to rake in the revenue with pet food.  Big surprise here but this did not translate to buyers loading up on DLM shares, instead its stock fell 2.3% today.

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Enjoy this video of Richard Wolford, chief executive officer for Del Monte Foods Co., talking about the company's growth outlook for its pet foods' business. Wolford, speaking with Margaret Brennan on Bloomberg Television's "InBusiness," also discusses the food manufacturer's stock performance, market strategy and the impact of the economy on the industry.

Over the past 12 months Del Monte Foods Co (DLM) shares have traded between $8.92 and its 52-week high of $16.14.  Del Monte Foods Co shares are now trading with a P/E Ratio of 12.4 and EPS of 1.21.  DLM shares are heading into the close today down 2.5% at $14.04.