Diamonds and Dogs
10/29/14
Usana Health Sciences Inc. (USNA)Usana is looking very healthy today, up 24.28% to $21.33. The nutritional and personal care company saw its shares move higher after a great earnings report. For the quarter, Usana reported a profit of $19.5 million or $1.47 per share on revenue of $191.9 million. Furthermore, management expects full year guidance of $5.85 to $5.95 per share on revenue of $770 to $790 million. Shares of Usana climbed over $21.00 and hit a new 52-week high of $116.20 intraday.
American Realty Capital Properties Inc. (ARCP)
American Realty Capital is getting crushed today, down 19.71% to $9.94. The realty company saw its shares tank after news of "accounting issues." ARC Properties said that its 2013 and 2014 financial filings should not be relied upon. The accounting issues seemed to scare off investors as the first thought is that the company might be fudging the books. "The accounting issues are unacceptable and we are taking the personnel and other actions necessary to ensure that this does not happen again," said Chief Executive David Kay. Shares of ARC fell to a new 52-week low of $7.85 before rallying coming into the close off of news that the error was un-intentional and just a mistake that would be corrected.
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.