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

10/22/12

Monster Beverage Corporation (MNST)

Monster Beverage is drowning today, down 14.23% at $45.73. The energy drink maker saw its shares go drastically lower after an FDA report was released stating that five deaths may be related to Monster's energy drink. The FDA report stated that since 2009 there have been five deaths and one non-fatal heart attack that could possibly be linked to the consumption of Monster's drink. The news follows last week's filing in California of a wrongful death suit by the parents of a 14 year old girl who died after drinking two, 24-ounce Monster Beverage Corp. drinks in 24 hours. An autopsy concluded she died of cardiac arrhythmia due to caffeine toxicity. Monster Beverage shares lost over $7.50 today.

SuperValu Inc. (SVU)

SuperValu Inc. is creating some value for its shareholders today, up 44.75% at $3.17. The retail and wholesale food company saw its shares climb higher after news of a possible acquisition. Some reports released stated that private-equity firm Cerberus is seeking capital to make a bid for SuperValu. Cerberus is attempting to arrange $4 billion to $5 billion in debt financing, with both Bank of America and JP Morgan Chase, who are considering forming a syndicate to aid Cerberus. SuperValu had another poor earnings report, showing that the company's cash position continued to shrink as net retail food sales dropped 7.3%. The company has seen its cash fall to $148 million, and its debt climb to $6.1 billion. However, SuperValu is up significantly today and pushed up off of its 52-week low.
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.