Diamonds and Dogs

2/13/15

Rocky Brands Inc. (RCKY)

Rocky Brands is punching its naysayer's in the gut today, up 26.95% to $17.90. The apparel company saw its shares rally after posting a fourth quarter profit late last night. For the quarter, Rocky Brands announced revenue of $78.9 million, net income of $4.5 million, and an EPS of $0.59. For the year, the company reported profit of $9.8 million, or $1.30 per share, on revenue of $286.2 million. Shares of Rocky Brands climbed nearly $4.00 today to a new 52-week high of $18.00.

MagnaChip Semiconductor Corporation (MX)

MagnaChip is crashing and burning today, down 49.30% to $7.62. The semiconductor company saw its shares fall after news of a downgrade and investigation. Topeka Capital Markets announced a downgrade from buy to hold early today. Further hurting MagnaChip was the news that Bernstein Liebhard LLP t announced that it is investigating possible claims against MagnaChip. The investigation concerns whether MagnaChip and some of its officers and directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.Shares of MagnaChip fell nearly $7.50 today to a new 52-week low of $6.40.