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

11/28/12

The Fresh Market Inc. (TFM)

The Fresh Market is looking rotten today, down 12.38% at $52.78. The specialty grocery retailer saw its shares tumble after weak earnings and guidance. The Fresh Market, which operates 128 stores reported net income of $0.23 per share, missing analysts' estimates of $0.26 per share. The company stated it expected full year same-store sales growth to be 5.5% to 6.5%, with an EPS of $1.33 to $1.38. Previously, Fresh Market was expecting an EPS $1.38, now it's looking like it might be around $1.35 per share. One good note from Fresh Market's earnings report was that sales climbed 22.1% to $321.5 million, beating analysts' estimates of $318.67 million. The company is still trading well above its 52-week low of $33.82.

Green Mountain Coffee Roasters Inc. (GMCR)

Green Mountain Coffee is giving its investors a jolt today, up 27.32% at $36.86. The coffee company (well known for its Keurig coffee maker and K-cups) saw its shares spike after a shocking earnings report. Net sales increased 33% and GAAP income increasing 22%, year over year. After beating analyst estimates, many analysts' moved their price targets higher. Canaccord Genuity, Suntrust, Keybanc, and Roth Capital all raised their price targets to $45. Scott Van Winkle of Canaccord said, "Green Mountain vastly improved inventory situation from a year ago and a turn to positive free cash flow take the trends from good to very good." Green Mountain's 52-week high is $71.15, so there is still significant upside potential for the company.
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.