Diamonds and Dogs
5/29/14
The Hillshire Brands Company (HSH)Hillshire Brands is going ham today, up 17.77% at $52.78. The meat-centric food company saw its shares take off after an buyout offer from Tyson Foods. Tyson offered Hillshire $6.3 billion which was well above Pilgrim's Pride offer for Hillshire (which is why Hillshire was up early this week). Tyson's offer will value Hillshire shares at $50 per shares, Pilgrims offer was for $45 per share. The possible bidding war has investors eating up shares today, which helped the company set a new 52-week high of $52.93 intraday.
Tilly's Inc. (TLYS)
Tilly's Inc. is not having a good day, down 16.97% to $8.79. The casual clothing, footwear, and accessory retailer saw its shares fall after worse than expected earnings and guidance. Tilly's management announced an EPS of $0.02 on revenue of $111.1 million. EPS was in-line with analysts' estimates but revenue missed by $2.1 million. For the second quarter, the company expects earnings of $0.03-0.07 a share, which significantly missed analysts' estimates of $0.13 per share. Shares of Tilly's hit a new 52-week low of $7.96 intraday.
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.