Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

5/15/12

Arctic Cat Inc. (ACAT)

Arctic Cat's stock was freezing today with its temperature dropping 10.45% at $37.89. The company posted a smaller quarterly loss but the snowmobile maker forecasted weak full-year results as it expects softness in North America sales. Arctic Cat said it expects North America industry retail sales of all-terrain vehicles to be flat or down up to 5 percent, and North America industry retail sales of snowmobiles to be flat to up 2 percent. Reuters stated, the company forecasts full-year earnings of $2.40 to $2.50 per share on sales of $631 million to $650 million. Lower than analysts' expectations of $2.70 per share on sales of $659.8 million. Arctic Cat had a rough day and continues to trade lower in after-hours trading.

Groupon Inc. (GRPN)

Clipping coupons seems to be obsolete; Groupon is up 3.71% at $12.17 today. Groupon soared after reporting strong first-quarter earnings results on Monday, gaining 33 percent since Friday's close. Furthermore, over the last four quarters, Groupon has generated $310 million in free cash flow. Mark May, an analyst from Barclays Capital stated, "Groupon is tackling a massive multi-billion market which is local commerce, and we think that growth in mobile smartphone adoption is going to be a tailwind for the company for several years." May also decided to put a price target on Groupon at $27.00, over double its current price. The company does have to face that its post-IPO lockup date is June 1, when about 600 million shares go on sale. The lockup ending means that at this point all insiders are allowed to sell their shares.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.