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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

8/20/18

SodaStream (SODA) selling out. The Israeli producer of countertop (healthier) soda machines is up 10% after agreeing to be bought out by Pepsi for $144 a share in cash valued at $3.2 billion. The analysts are calling this a win, win helping accelerate Pepsi's shift to healthier products with more water offerings, and diversified portfolio of products.

Lannett (LCI) having a tough day. The Philadelphia generic pharmaceutical maker is down 58% after announced a key distribution agreement will not being renewed next year. The distribution agreement covers three products: butalbital, aspirin, caffeine with codeine phosphate capsules; digoxin tablets; and levothyroxine sodium tablets. Lannett is in the process of evaluating the financial impact of the contract loss (big). Hopefully this is an overreaction for Lannett shareholders.

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