Diamonds and Dogs
Alaska Air is reaching farther with today's diamond. Virgin America (VA) is skyrocketing 41% after accepting a buyout offer from airliner, Alaska Air. The all-cash offer will expand Alaska Airlines' exposure to California and the East Coast. Virgin founder, Richard Branson said he will not stand in the way of this merger. The rich get richer. Maybe Sir Richard may have to buy another island in the Caribbean.
Looks like this dog shot itself in the foot. Smith & Wesson (SWHC) fell 18% today following three downgrades. After a fabulous fourth quarter, the analyst community is saying that demand at Smith & Wesson has nowhere to go but down following demand for gun background checks dropped 13.2% in March from the prior month. Looks like they're a victim of their own success.