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

4/29/13

Choice Hotels International Inc. (CHH)

Choice Hotels International is trading in the red today, down 10.55% at $40.52. The hotel franchisor saw its shares fall out of bed after releasing earnings. For the quarter, Choice Hotels announced earnings of $0.26 per share which missed analyst estimates of $0.27 per share. The small miss seemed to show the beginning of a decline, as management decreased their outlook. Next quarter the company stated it expected an EPS of $0.45, which is well below analysts' forecast of $0.52. Furthermore, Choice Hotels management lowered their full year EPS forecast to $1.87-1.91 from $1.96-1.98. Shares lost over $4.50 today, but are still well above their 52-week low of $30.40.

Moody's Corp. (MCO)

Moody's is putting its investors in a good mood today, up 8.29% at $59.69. The credit rating company saw its shares bounce after fraud lawsuit was settled. Moody's (and Standard and Poor's) settled its lawsuit with Morgan Stanley. The lawsuit was related to two failed investment vehicles; more specifically relating to Moody's (and Standard and Poor's) ratings during the financial collapse. The settlement is significant because expunges the lengthy litigation and allows for only civil fraud claims. Furthermore, the settlement is a weight off of the companies back and allows investors to feel better about investing in Moody's. Shares traded to a new 52-week high of $61.26 intraday.
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.