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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

9/19/17

If you can't beat them, join them. Kohls (KSS) is up a percent to a new recent high on news they will accept returns on behalf of Amazon at 82 of its stores in Chicago and Los Angeles.  Kohls will pack them, ship them, and return them to Amazon for free. Traffic is up a bit at Kohl's stores already and the new Amazon arrangement should drive even more customers to the company's stores

Now we know why Best Buy (BBY) does not do investor days. It's been five years since the last investor day and with the stock down 9%, maybe Best Buy should wait another five years for the next investor day. The CEO is optimistic saying they fixed what was broken and now have a growth strategy for Best Buy to improve earnings and sales going forward, but investors are not buying it.

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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