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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

4/4/17

Staples (SPLS) up 13% on takeover talks. Yesterday it was Panera Bread. Today its Staples that's higher as the company is considering a possible sale. It's only been a year since Staples tried to buy out Office Depot after Office Depot bought out Office Max. Consolidation is in the air.

Acuity Brands (AYI) shinning a little less bright today. The LED lighting company is down 15% after missing earnings by 7 cents as revenue missed as well. Sales did grow 3.5% year/year to $804.7 million. Third-party forecasts suggest that the softness in market demand that began in the third calendar quarter of 2016 and continued through our second quarter may persist through the remainder of our fiscal 2017.

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.

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