Diamonds and Dogs
7/16/13Heidrick & Struggles International Inc. (HSII)
Heidrick & Struggles is struggling today, down 17.25% at $14.78. The executive search and leadership consulting company saw its shares fall when, ironically, their CEO decided to step down. The only news surrounding CEO Kevin Kelly stepping down was Heidrick & Struggles announcing they were looking to pursue a "stand-alone strategy." Another reason that the company is trading in the red was news that the company is looking to sell itself, and is searching for its various options. Heidrick & Struggles shares were able to hold up above their 52-week low of $11.12.
SHFL Entertainment Inc. (SHLF)
SHFL Entertainment is entertaining its investors today, up 21.98% at $22.81. The gaming device company (casino linked systems and slot machines) saw their shares jump after news of a buyout. Bally Technologies offered to buyout SHFL Entertainment for $1.3 billion. Bally said the merger would enable it to expand in Asia, including China. Macau, the specially designated casino region on China's southern coast, is the world's top gambling destination and fastest growing. Bally CEO Ramesh Srinivasan said, "SHFL's intellectual property, renowned brands and industry-leading suite of diverse, high-performance products will enable us to offer an unparalleled offering of gaming products and services." SHFL shares set a new 52-week high of $22.88 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.