Some insiders felt Dean would fall very short on first quarter earning. Instead, they pulled a rabbit out of the hat:
In the first half hour of trading today Dean shares were up over 14%. At the closing bell Dean shares were up 11.48%.
Oddly enough, Dean saw sales volume for fluid drop and the Class I mover rise dramatically when compared with the first quarter of 2010. Greg Engles said on the conference call he expected farm milk price to remain steady for the rest of the year. But, what does he know?
As Yogi Berra once said, "It's tough to make predictions, especially about the future."