Diamonds and Dogs
Rocky Brands Inc. (RCKY)
Rocky Brands is punching its naysayer's in the gut today, up 26.95% to $17.90. The apparel company saw its shares rally after posting a fourth quarter profit late last night. For the quarter, Rocky Brands announced revenue of $78.9 million, net income of $4.5 million, and an EPS of $0.59. For the year, the company reported profit of $9.8 million, or $1.30 per share, on revenue of $286.2 million. Shares of Rocky Brands climbed nearly $4.00 today to a new 52-week high of $18.00.
MagnaChip Semiconductor Corporation (MX)
MagnaChip is crashing and burning today, down 49.30% to $7.62. The semiconductor company saw its shares fall after news of a downgrade and investigation. Topeka Capital Markets announced a downgrade from buy to hold early today. Further hurting MagnaChip was the news that Bernstein Liebhard LLP t announced that it is investigating possible claims against MagnaChip. The investigation concerns whether MagnaChip and some of its officers and directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.Shares of MagnaChip fell nearly $7.50 today to a new 52-week low of $6.40.
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.