Diamonds and Dogs
June 30, 2010Diamond
Argon ST, STST
The diamond of the day goes to Argon ST who shares jumped 40.24% to $34.26, up $9.83.
This substantial increase in share prices comes after Boeing bought out the company for
$775 million in cash. The purchase is said to be completed by the end of the third quarter
of this year. Argon ST is a warfare communications and electronic systems manufacturer.
This addition will allow Boeing to expand in the industries of communication technologies,
surveillance, and investigation sensors. Argon ST will be an individual subsidiary of Boeing but
hopefully will soar with them through large global contracts.
General Mills Inc, GIS
General Mills was down $1.25 or 3.39% to $35.65. The continued fear of price competition
in cereals, higher commodity costs, and gross margin expansion seems to be eating away at
General Mills. Because of this, the company estimated earnings below expectations for the
fiscal year 2010. But General Mills is just a "dog" of the day, still holding a title "recommended
dividend stock" by Dividend.com.