Diamonds and Dogs


iRobot (IRBT) jumps on buyout offer. iRobot is up 19% after agreeing to be acquired by for $1.7 billion, including debt. The deal works out at $61 a share and is about a 22% premium to iRobot's closing price on Thursday. iRobot is the maker of the Roomba robot vacuum, first introduced in 2002. Amazon 's virtual assistant technology, Alexa, already supports iRobot devices, meaning Roomba

Warner Brothers Discover (WBD) going the wrong way. The combination of HBO Max and Discovery+ doesn't seem to be going well as the combined company reported a big loss with slowing sales. Warner Brothers has ambitious goals of 130 million global subscribers in 2025 and at least $12 billion in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) in 2023. One analyst downgraded the stock saying the post-merger has growing pains.

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.