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.

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.