Diamonds and Dogs
10/26/12Dean Foods Company (DF)
Dean Foods is making its investors feel sick today, down 10.96% at $16.73. The food and beverage company saw its shares rot away after a poor spinoff. Dean Foods spun off its Dairy sector into a company called WhiteWave, which began trading today. WhiteWave traded higher initially, but investors looked lactose intolerant as shares began to crash, bringing down Dean Foods as well. The poor IPO of WhiteWave seems to have scared investors out of Dean Foods. This is most likely due to the fact that Dean Foods Dairy Sector (now WhiteWave), was the company's most profitable sector. A spinoff mixed with falling shares on the IPO made investors weary of the downside potential of Dean Foods today. Dean is still over $7.00 above its 52-week low.
Taser International Inc. (TASR)
Taser International was shocking investors today, up 26.13% at $8.06. The taser (electronic control device) company saw its shares jolt upward after beating earnings estimates. Taser announced that revenue went up 18 percent to $28.8 million, with a net income of $3.7 million, or 7 cents per share. Analysts were expecting the company to earn 4 cents per shares on revenue of $25.6 million. Furthermore, earnings beat last year's data of a net income of $1.1 million, or 2 cents per share. Taser soared to a two year high, and blew past the previous 52-week high of $6.65.
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