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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

2/11/15

Rite Aid Corporation (RAD)

Rite Aid Corporation is making its investors happy today, up 7.06% to $8.12. The chain drug store company saw its shares rally after news they entered into an agreement with Envision Pharmaceutical Services. Rite Aid will acquire EnvisionRx, a portfolio company of leading global private investment firm TPG, in a transaction valued at approximately $2 billion, which includes the value of an expected future tax benefit of $275 million. The terms of the deal are $1.8 billion in cash and $200 million in Rite Aid stock; both boards have approved the deal. Shares of Rite Aid climbed over $0.50 today and almost broke through their 52-week high of $8.62 intraday.

Pier 1 Imports Inc. (PIR)

Pier 1 Imports is pulling the chair out from under its investors today, down 24.10% to $12.88. The home furnishing company saw its shares tank after cutting its outlook and their CFO retiring. Pier 1 Imports cut their annual profit expectations to $0.80-0.83 per share, down from their last cut in September of $0.95-1.05 per share. Management stated that unexpected supply chain costs were the driving factor that caused them to lower their forecast. Shares of Pier 1 Imports fell over $4.00 today and hit a new 52-week low of $11.38 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.