Diamonds and Dogs


Dollar General Corporation (DG)

Dollar General was selling off today, down 7.77% at $42.95. The discount retailer saw shares get marked down after the company released a negative outlook for the fourth quarter. CEO Rick Dreiling said, "We are facing a significant same-store sales comparison from our 2011 fourth quarter, which included very strong January sales, growing near-term pressures that are impacting our customers' confidence and spending, and a challenging competitive environment." The negative outlook caught investors by surprise, especially after a better than expected third quarter earnings. For the third quarter, Dollar General's same-store sales grew a solid 4%, followed by a 10.3% increase in total sales. The company is still roughly $3.00 above its 52-week low.

TNS Inc. (TNS)

TNS Inc. is being heard today, up 42.51% at $20.75. The data communications company saw its shares skyrocket after news was released that the company would be purchased. TNS is being bought out by Siris Capital for $516.6 million. Siris Capital will pay $21.00 per share, a 44 percent premium to Monday's closing stock price. The companies value the total deal at around $862 million. The deal, which was unanimously approved by TNS's board, is expected to close in 2013's first quarter. TNS has a 30-day period in which the company can look for alternative buyout offers. The company is around $2.00 below its 52-week high today.

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.