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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

7/6/16

 

Today's diamond is keeping things ventilated in this crazy market. The US company, Nortek (NTX) is jumping 38% after accepting the offer from the British firm, Melrose to be bought out for $2.81 billion. The deal will give Melrose access to Nortek's growing North American ventilation and home security business. It looks like the Brexit vote hasn't hurt Melrose.

There is no Green or relief for today's dog. The designer and manufacture of freight car equipment, Greenbrier (GBX) is watching their stock tumble 8% back toward the 52 week low after lackluster earnings and guidance. Net income and earnings fell over 20% and the forward guidance pointed to a slow recovery. Greenbrier seems to be the epitome of this market, going nowhere fast.

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.