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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

11/7/18

Twilio (TWLO) flying high today. The cloud-computing company that services Facebook and WhatsApp is up 35% following earnings. Twilio reported 7 cents a share, 5 cents better than expected as sales rose 68% to $168.9 million. The company issued upside guidance for the fourth quarter, but really the company is only making $5.5 million in the quarter and less for the fourth quarter.  With a stock trading for 640 times next year's earnings and 12.4 times sales, not sure how much upside is left in the stock.

Dean Foods (DF) is lower following earnings and higher costs. The Land O' Lakes brand owner is down 23% following disappointing earnings and lower guidance for the full year. Dean Foods swung to a loss as sales fell 2.3% to $1.89 billion. The company took a charge for closing seven plants in the third quarter. Dean Foods is facing higher costs for investments in private label and higher than expected transportation-related costs which will unfortunately cause the company to report a net loss for the full year.

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