Diamonds and Dogs


hhGregg Inc. (HGG)

HhGregg Inc. is getting burned today, down 5.70% to $7.44. The appliance, home furnishing, and electronics company saw its shares trade down after net sales declined last quarter. Hhgregg reported that net sales for the company's third quarter were $799.6 million, down 3.6 percent. Furthermore, comparable store sales fell 9.7 percent, with net income expected to be over $5 million less than last year. President and CEO, Dennis May said that the decline was driven by disappointing video performance and a declining industry demand for flat screen televisions. Hhgregg is well above its 52-week low of $5.84.

Dell Inc. (DELL)

Dell is trading in the green today, up 12.96% at $12.29. The computer company saw its shares explode after rumors of a possible buyout hit the market. Bloomberg News reported that Dell is having preliminary talks with two firms about going private. No deal may be made as it could be difficult to obtain the financing needed to take Dell private. Dell spokesman, Jess Blackburn said that the company doesn't comment on rumors and speculation. Midday, Dell shares spiked up 13.5 percent until it was halted for a while. However, trading resumed shortly after being halted and finished the day up near its daily high. Dell is still well off of its 52-week high of $18.36.

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.