Diamonds and Dogs
11/27/12Thor Industries Inc. (THO)
Thor Industries isn't looking like a titan today, down 11.47% at $38.60. The recreational vehicle designer saw its shares crash after missing estimates for their earnings report. Earnings per share came in at $0.58 easily missing analysts' estimates of $0.63. Thor's management blamed the missed earnings on increased discounting caused by tough competition which is cutting into the company's margins. Thor shares have surged over the past few months due to a rebounding RV demand, however with the rebounding demand is not enough to push up Thor's bottom line. Chairman Peter Orthwein said, "Although we have seen a recent upturn, we remain cautious given the overall economic uncertainty." Thor shares are trading in the middle of its 52-week range.
Monster Beverage Corporation (MNST)
Monster Beverage is a refreshing drink to its investors today, up 13.29% at $51.97. The energy drink company saw its shares explode after a press release from the FDA. In the release the FDA stated that at this time they have little reason to believe that energy drinks are unsafe when used in a responsible manner. Monster's stock has been beat up after recent claims were filed that energy drinks are unsafe and can lead to death. Those claims are somewhat put to rest today with the FDA's letter, making investors feel more comfortable owning the company. Monster is still trading well below its 52-week high of $83.96.
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