Diamonds and Dogs
Dean Foods (DF)
Dean Foods is looking delicious today, up 14.29% to $16.48. The milk company saw its shares pop after better than expected earnings. For the quarter, management announced a loss of $0.03 per share on revenues of $2.37 billion. Both numbers top analysts' estimates of a loss of $0.13 on revenue of $2.35 billion. Furthermore, the company is expecting a gain of $0.05-0.15 per share for the year, significantly higher than Wall Streets forecast for a loss of $0.02. Shares of Dean Foods are still off of there 52-week high of $19.71.
Rayonier Inc. (RYN)
Rayonier is trading in the red today, down 12.89% to $29.53. The U.S. Forestry company saw its shares get cut down after announcing it would slash its dividend due to material weakness. The material weakness that management is referring to has to do with counting some timber as salable although it was not. The mix-up hurts the company's first and second quarter earnings and is making investors nervous. Shares of Rayonier hit a new 52-week low of $28.81 intraday.
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