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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

12/11/12

Dollar General Corporation (DG)

Dollar General was selling off today, down 7.77% at $42.95. The discount retailer saw shares get marked down after the company released a negative outlook for the fourth quarter. CEO Rick Dreiling said, "We are facing a significant same-store sales comparison from our 2011 fourth quarter, which included very strong January sales, growing near-term pressures that are impacting our customers' confidence and spending, and a challenging competitive environment." The negative outlook caught investors by surprise, especially after a better than expected third quarter earnings. For the third quarter, Dollar General's same-store sales grew a solid 4%, followed by a 10.3% increase in total sales. The company is still roughly $3.00 above its 52-week low.

TNS Inc. (TNS)

TNS Inc. is being heard today, up 42.51% at $20.75. The data communications company saw its shares skyrocket after news was released that the company would be purchased. TNS is being bought out by Siris Capital for $516.6 million. Siris Capital will pay $21.00 per share, a 44 percent premium to Monday's closing stock price. The companies value the total deal at around $862 million. The deal, which was unanimously approved by TNS's board, is expected to close in 2013's first quarter. TNS has a 30-day period in which the company can look for alternative buyout offers. The company is around $2.00 below its 52-week high today.
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