Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

4/13/15

Builders FirstSource Inc. (BLDR)

Builders FirstSource is skyrocketing today, up 67.83% to $11.57. The manufacturer and supplier of structural building products saw its shares shoot higher after that it agreed to buy ProBuild Holdings. The deal is an all cash deal of $1.63 billion, and creates a company with $6.1 billion in combined 2014 revenue, with the merger expected to generate $100 million-$200 million in annual cost savings in the first two years after the deal closes. Shares of Builders FirstSource rallied over $4.60 today to a new 52-week high of $11.74 intraday.

Basic Energy Services Inc. (BAS)

Basic Energy Services is losing steam today, down 8.04% to $7.65. The company which provides well site service for oil and gas drilling saw its shares fall after announcing March 2015 operating data. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 56,000 producing a rig utilization rate of 55%, compared to 55% and 75% in February 2015 and March 2014, respectively. Drilling rig days for the month were 186 producing a rig utilization of 50%, compared to 63% and 81% in February 2015 and March 2014, respectively. Shares of Basic Energy fell over $0.65 today but are still well above their 52-week low of $5.00.

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.