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

11/9/12

Groupon Inc. (GRPN)

Groupon is offering a sale on their stock today, down 29.34% at $2.77. The online coupon company saw its shares get cut after releasing their third quarter earnings report. Sales missed both analysts' estimates and the company's own guidance. Revenue growth slowed sharply compared with the second quarter. Leading the slowdown was Groupon's international sector which grew by just 3.1% for the quarter. In an attempt to combat the slowing growth, management has begun to push into offering goods and credit card payment services. The stock has declined 89% since the company's IPO, just one year ago. The poor performance and slowing growth has pushed investors away from the company, and caused analysts to lower their outlooks. Groupon is setting a new 52-week low today.

Kayak Software Corporation (KYAK)

Kayak is riding out the waves in the market today, up 27.80% at $39.67. The online travel search company saw its shares explode today after news was released that the company would be acquired. Kayak was purchased for $1.8 billion by Priceline.com; however Kayak will still be able to operate independently. The purchase price equates to around $40 per share; of which $500 million of the purchase price will be in cash and the other $1.3 billion in equity and stock options. Kayak was founded in 2004, with only $229 million in venture capital funding, eight years later it is selling for around eight times its venture capital price. Kayak is looking phenomenal today, setting 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.