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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

10/15/12

Amedisys Inc. (AMED)

Amedisys is looking very sick today, down 9.38% at $12.08. The at home healthcare and hospice company saw its shares falls after announcing a contract with Humana Inc. will provide half the revenue that was previously expected. The agreement to provide home health-care services to Humana will generate about $32.5 to $35 million in revenue. Investors were aware that the original contract was under negotiation, however the new contract much lower than anyone had anticipated. Analyst Brian Tanquilut, from Jefferies & Co. said, "We anticipated Humana reimbursement to fall by about 33 percent and had thought that our projection was one of the more bearish ones." Today, Amedisys saw its shares drop the largest amount in 4 months.

Workday Inc. (WDAY)

Workday is working hard for investors on its second day of trading, up 6.67% at $51.94. The cloud-based company offers cloud solutions to companies that operate in both the US and internationally. Workday's IPO was the most anticipated IPO since Facebook, and it raised $637 million. While the company has yet to turn a profit, it does have a recurring revenue stream and is signing on some very large customers, including Kimberly-Clark, Flextronics, and Hewlett-Packard. Furthermore, Workday is well known for being able to deliver software via the cloud, something that Salesforce.com has been able to capitalize on. Workday has had a phenomenal two days of trading, gaining 7.75%.
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.