Diamonds and Dogs
7/8/14Macquarie Infrastructure (MIC)
On a day were the Dow slipped below 17,000, Macquarie Infrastructure stock reached their 52-week high of $68.41 up 11.31%. The American Infrastructure Company is flying higher than ever today due to their acquisition of the other 50% of International-Matex Tank Terminals that MIC did not previously own. It was a $1.25 billion acquisition for Macquarie Infrastructure and their quarterly dividend increased 1.3% to .95 a share. This encouraging acquisition for MIC only added to the stock's long-term prospects and analysts still rate it as a "buy".
Delta Air Lines Inc. (DAL)
As of today, shares of Delta Air Lines Inc. (DAL) are on a downward spiral -5.24% to $34.97. Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. The reason for the free fall in percentage is because of the cutting back on 85% of flights due to currency disputes. Despite the depressing day for Delta Air Lines Inc. (DAL) the company shows tremendous upside and could be profitable for any investor in the long run because of its impressive numbers in the categories of return on equity, earnings growth, and net income growth.
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.