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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

3/10/20

Best Buy (BBY) up 4% following better than expected earnings. Best Buy easily beat by 23 cents as sales rose 2.7% to $15.2 billion. Best Buy raised their dividend by 10% and did not lower guidance. Best Buy forecasts that most of the impact from the coronavirus will happen during the first half of the year. Let's hope they are right.

Vail Resorts (MTN) reports earnings and rescinds guidance. Vail reported a good quarter as sales rose 8.8% to $924.6 million. However, due to the coronavirus, the largest ski-resort company and two hotel real-estate investment trusts owner rescinds their guidance. The stock, after going sideways for a year, is down 30% in the last month to a three-year low. Not fun.

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.