Diamonds and Dogs
03/01/2013Atlantic Power Corporation (AT)
Atlantic Power looks like some of its lines fell down with shares dropping 28.59% at $7.12. The power generation and infrastructure company saw its share crash after cutting its dividend and announcing shareholder rights plan. Atlantic Power cut its dividend by 65 percent down to $0.033, starting in March. The shareholder rights plan (jokingly known as the poison pill plan) is a plan set to ultimately reduce the likelihood of a company coming in to buyout Atlantic Power. To make matters worse the company also missed on earnings, which also hurt shares. Atlantic Power set a new 52-week low today.
Decker's Outdoors Corp. (DECK)
UGG boots are coming back into fashion is a big way with Decker's up 15.37% at $46.62. The UGG boot maker saw its shares explode after the company beat EPS estimates and predicted a rebound. For the fourth quarter, Decker's management announced an EPS of $2.77 which beat analyst estimates of $2.58. The company also announced that they expect UGG sales to increase by around 4 percent for 2013 which could help the company meet revenue estimates. Decker's is still a long ways away from its 52-week high of $80.88.