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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

11/5/14

Elecsys Corporation (ESYS)

Elecsys Corporation is making its investors very happy today, up 80.36% to $17.26. The machine to machine communication technology company is running up today after news that it would be acquired by Lindsay Corporation. Lindsay will acquire Elecsys for $17.50 per share in cash, for a total purchase price of approximately $70.5 million. The agreement has been unanimously approved by both the Elecsys and Lindsay boards of directors. Shares of Elecsys climbed right near their 52-week high of $17.44 intraday.

Stratasys Ltd. (SSYS)

Stratasys Ltd. is printing red all over the tape today, down 11.01% to $107.90. The 3D printing company saw its shares fall over $13.00 today after lowering its 2014 earnings estimates. For the year, Stratasys foresees earnings per share of $2.21-2.31, down from its previous guidance of $2.25-2.35. Management stated that its acquisition of GrabCAD and various development costs are the leading cause for the lowered EPS. Stratasys did beat analysts' estimates for its third quarter earnings, but investors only seem to be focused on the lowered EPS.
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.