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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

12/18/18

Jack in the Box (JACK) wants out. The quick-service restaurateur is up 2% today as they aim to bring immediate value to shareholders through a sale to another company or an increase in leverage through a debt capital raise. The recent performance for Jack in the Box has been bleak as shares are down 18.12% for the year as revenue fell 23% year over year. Net income fell 45% in the last year and cash on hand fell 39%. Other than that, things are great.

Things have gone from bad to worse at Goldman (GS).The investment bank is down 2% today and down over 30% for the year as the latest problems include criminal charges against two former executives. The country of Malaysia is claiming the bank collected excessive fees of $600m from $2.7bn that was raise and then much of the money raised was later stolen or embezzled. Malaysia officials are claiming the former Goldman employees knew about the stolen money. The former Goldman bankers will face prison sentences of up to 10 years if found guilty.

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.