Diamonds and Dogs
For good fried chicken you have to find a place with a southern recipe and today's diamond, Bojangles (BOLA) fits that bill. After a lackluster IPO last year, the Charlotte based southern chicken restaurant is jumping 19% thanks to better than expected earnings and sales. Bojangles expects full-year earnings in the range of 86 cents to 90 cents per share, with revenue in the range of $533 million to $543 million. Even with the jump in the stock price, Bojangles still trades 47% below its IPO price of $28.45.
As this year's artic is blowing away so is today's dog, or cat, Artic Cat (ACAT). With a mild winter this year snowmobile sales couldn't have been very good. Artic Cat's stock is down (ACAT) 12% as the analyst at Wunderlich Securities lowered their rating on the stock to a sell from neutral with a new price target of $11. Besides the lack of snow contributing to soft demand, the company is also facing a weak Canadian dollar hurting profits.
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