Diamonds and Dogs
04/03/2012
Research In Motion Limited (RIMM)The Kentucky Wildcats just won the NCAA Men's Basketball Championship, because they played well above the RIMM. Similarly, most stocks today are playing above RIMM, which is down 9.46% at $13.01. Research in Motion has been very volatile lately, due to the falling sales numbers of Blackberry Mobile Phones. The sales have been declining for five straight quarters, causing the cell phone market share to fall to 13.4% in the US. Compare Blackberry's 13.4% market share to 50.1% for Google's Android powered phones, and 30.2% for Apple's iPhone. Along with declining sales, RIMM is facing a lawsuit brought forth by NXP for six patent infringements pertaining to design and data transmission. NXP is requesting that RIMM stop infringing on their patents as well as seeking compensation.
Annie's Inc. (BNNY)
Annie's Inc. is hopping forward today in time for Easter, up 11.69% at $38.70. Annie's Inc. is an organic food company with the well-known logo of a bunny. The company released its IPO around week ago and has had a good run since then. Annie's had a March 2011 sales increase of 22%, creating a large net margin of 17%. Furthermore, consumers are becoming ever more conscious about the foods that they eat; attempting to rid their foods of chemicals and unnatural additives. This is a growing sentiment among consumers, pair that with high levels of obesity in the US, and Annie's is well positioned to reap the benefits from this. Annie's should be able to continue to grow as long as it is able to meet their customer's needs, and make sure that no Pink Slime gets into their foods (like the meat industries recent problems).
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.