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Leigh Baldwin & Co.

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

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Diamonds and Dogs

7/24/12

WebMD Health Corp. (WBMD)

WedMD needs a check-up today as it is looking sickly, down 18.25% at $14.65. The company saw its symptoms begin after it cut its 2012 forecast to a projected loss. The health care information company also said it expects a second-quarter shortfall of nearly $6 million. WebMD now expects a 2012 loss ranging from $11.9 million to $22.9 million, or a loss of 23 cents to 44 cents per share. It said revenue will likely fall between $455 million and $480 million for the year. WebMD made a forecast in May for earnings of $2.8 million to $19.9 million, or 5 cents to 37 cents per share, on revenue of $500 million to $535 million. Analysts expect, on average, earnings of 66 cents per share, with estimates ranging from 8 cents to $1.03 per share. Wall Street was projecting revenue of $504.4 million, on average, with estimates ranging from $489.7 million to $520.9 million. WebMD's pulse has dropped significantly reaching a new 52-week low today.

DigitalGlobe Inc. (DGI)

DigitalGlobe bounced higher today, up 16.82% at $17.57. The company saw its shares zoom upward after news was released that it would purchase GeoEye Inc. for about $900 million to create the world's largest commercial-imagery satellite company. Each GeoEye share will be exchanged for either 1.137 shares of DigitalGlobe common stock and $4.10 in cash, $20.27 in cash, or 1.425 shares of stock, the companies said in a statement today. The premium is 34 percent more than GeoEye's closing price last Friday. DigitalGlobe and GeoEye provide satellite images to customers such as Google Inc. and the U.S. Defense Department. This deal will allow for the company to have a backlog of future work of more than $3 billion. DigitalGlobe was up significantly while the overall market plummeted, a great day for the company's investors.
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