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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

10/25/12

Build-A-Bear Workshop Inc. (BBW)

Build-A-Bear is getting its stuffing ripped out today, down 21.80% at $3.30. The teddy bear/stuffed animal company saw its shares fall after a poor earnings report. Build-A-Bear reported a net loss of $4.3 million, or 26 cents per share. The loss was well below estimates, with analysts' expecting the company to earn 10 cents per share on revenue of $97.2 million. Last year, the company reported net income of $854,000, or 5 cents per share. Build-A-Bear said that it will close down 50 to 60 underperforming stores in an attempt to improve its profitability. It seems that investors have out-grown their teddy bear, with shares setting a new 52-week low today.

Overstock.com Inc. (OSTK)

Overstock.com is "over-stocking" its gains today, up 23.40% at $13.50. The online retailer saw its shares spike after a positive earnings report was released. Overstock.com posted revenue of $255.4 million, up 7% from a year ago. Furthermore, the company had profits of 11 cents per share which were up significantly from their loss of 33 cents per share, last year. Analysts' were expecting $253.8 million in revenue and a loss of 10 cents per share. The positive earnings has attracted investors back to the stock, pushing shares up to a new 52-week high.
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.