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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

2/16/16

Keeping your home safe and making money on the stock. ADT Corp. (ADT) is jumping 48% after the company agreed to be bought out by Apollo Global Management for $6.94 billion. ADT works in the home and business security industry with a wide range of products. The deal is supposed to close out In June 2016 and allows ADT a 40 day period to look for other buyout proposals. Even with the big boost, the stock still didn't surpass its 52 week high. Maybe a white knight will come in and offer an even higher price for the company.

As one flies toward the sky, a stock falls from the sky. Gogo Inc. (GOGO) fell as much as 43% before closing down 27% today after American Airlines decided to switch inflight WI-Fi carriers. The break up may get nasty with American Airlines filing a lawsuit against the company to change online access providers for their planes.  On the plus side, American could be using this lawsuit to simply renegotiate a price. In either case, it's not great news for Gogo.

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