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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

3/22/19

Papa Johns (PZZA) gets a Shaq. The struggling pizza chain retailer is up 4% after Shaquille O'Neal agreed to invest and endorse the company. Founder John Schnatter, whose image had once been deeply ingrained in the pizza chain's marketing, agreed earlier this month to resign from the board and dismiss a lawsuit related to his departure last year as chairman. The controversial executive used a racial slur on a conference call last year. Hopefully, Shaq can change things up.

Nike (NKE) taking a hit following earnings. The world's largest sportswear maker actually beat earnings estimates as revenue rose 7.0% to $9.61 billion, but an important North American sales metric missed expectations. The analysts were out defending the stock, but with a stock trading for 26 times earnings which are growing in the mid-teens, it's hard to justify that the stock is cheap.

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.