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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

6/11/13

Symmetry Medical Inc. (SMA)

Symmetry Medical is looking asymmetric today, down 15.16% at $7.78. The medical device and instrument company saw its shares fall after releasing its second quarter earnings and full year guidance. For the quarter, Symmetry Medical is now forecasting that the company will earn $0.06-$0.08 in EPS on $98 million-$100 million in sales. Both figures are well below the $0.15 in EPS on $105.3 million in sales that Wall Street analysts had anticipated. Furthermore, the company lowered its full-year EPS to a range of $0.40-$0.50 on revenue of $400 million to $415 million, which again are below analysts' estimates. Symmetry Medical shares set a new 52-week low of $7.44 intraday.

Dole Food Company Inc. (DOLE)

Dole Foods is in the green today but still looks ripe for the picking, up 22.06% at $12.45. The fresh produce company saw its shares jump after its 90 year old CEO made a bid to take the company private. CEO David Murdock and his family are offering to buy the business with a bid that values the entire company at approximately $1.07 billion. The deal consists of an unsolicited offer of $12 per share for the shares of the company that they don't already own, which represents an 18% premium to Dole's closing price Monday. The news of the possible deal helped Dole shares jump $2.25 per share today.
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.