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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

3/24/16

Road trip anyone? Winnebago (WGO) is surging 3% closing in on 52 week high following earnings. The leader in the RV industry saw sales actually declined 4% in the quarter, but earnings did improve. Thanks to cheap oil, customers are upgrading to a larger class of RVs helping profit margins. The backlog of orders is also improving, rising 23% to 2,792 units while the towable backlog climbed 29% to 168 units. Looks like we'll see more Clark Griswolds on the roads come this summer.

United Continental (UAL) trades down 3% along with all the airlines. For the third straight day following the Brussel's terrorist attack, the airlines came under selling pressure once again. United Continental is also coming under attacked from two hedge fund investors, who have launched a boardroom battle with United urging the airline to immediately appoint one of its two new board members as chairman. Altimeter Capital and PAR Capital, which together own about 7.1 percent of United's outstanding common stock, wanted the airline to add six new directors including Gordon Bethune, former CEO of Continental, which merged with United in 2010.

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.