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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

12/20/12

Arctic Cat Inc. (ACAT)

Arctic Cat is ice cold today, down 12.62% at $33.36. The snowmobile and off-road vehicle company saw its shares crash after news was released that it was downgraded. BMO Capital downgraded Arctic Cat based on disappointing dealer feedback on off-road vehicle and snowmobile sales and mix. BMO Capital also lowered its price target on the company from $50.00 to $40.00. Contributing to the disappointing sales could be the mild winter that the country is facing. Arctic Cat recently released a new four passenger ATV, which might help non-winter sales, but that is yet to be seen. The company is still well above its 52-week low of $18.59.

Winnebago Industries Inc. (WGO)

Winnebago is driving north today, up 15.98% at $16.33. The recreation vehicle company saw its shares burn rubber after releasing a good earnings report. Winnebago reported that net income for the first quarter of its 2013 fiscal year totaled $7.4 million, or $0.26 per share. Far exceeding last year's net income of $1 million, or $0.04 per share. The EPS of $0.26 also beat average analysts' estimates of $0.10 per share. Furthermore, revenue for the quarter was $193.6 million, up significantly from the same quarter last year which was $131.8 million. Winnebago climbed to a new two year high today.
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