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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

2/24/16

We all have dreams, and today's diamond makes those dreams a reality. DreamWorks Animation (DWA) is jumping over 20% after easily beating earnings estimates last night. Thanks to a shift in strategy, DreamWorks earnings and sales are moving in the right direction. The company is focusing on growing its TV business, focusing on home-video releases and making shows for Netflix, including "Dragons: Race to the Edge" and "Dinotrux." Its only 2015 theatrical release, "Home," contributed $55.3 million in revenue to the feature film segment. The new release, Kung Fu Panda is off to a good start in 2016. Maybe this is what is needed to bring the company back to where it used to be in 2014 when the price peaked around $35 a share.

Mardi Gras is happening right now but it's not helping today's Dog, Popeye's Louisiana Kitchen (PLKI).  The stock dropped 5% after beating earnings estimates, but missing revenue estimates. The main culprit for today's weakness was due to the company's outlook. Earnings for 2016 are now expected to be between $2.10-$2.15 a share which is considerably lower compared to analyst expectations of $2.25-2.69 a share. The Atlanta based company isn't slowing down. They are aiming to increase restaurant locations by 60% over the next several years.

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.