Diamonds and Dogs

3/25/15

Kraft Foods Group Inc. (KRFT)

Kraft Foods is getting eaten up today, up 35.59% to $83.15. The consumer packaged food and beverage company saw its shares rally after news of a merger with Heinz. The deal is headed by Warren Buffett/Berkshire Hathaway and 3G Capital and consists of the two companies joining forces to become the 3^rd largest North American Food company, and the 5^th largest in the world. Under the merger, Kraft Foods shareholders will receive a special dividend of $16.50, along with one share of Kraft-Heinz Co. stock for every one share of Kraft they hold. Shares of Kraft popped over $20.00 to a new 52-week high of $87.88.

Apollo Education Group Inc. (APOL)

Apollo Education is getting schooled today, down 28.40% to $20.04. The private education service company saw its shares tank after news of lower enrollment hurting revenue. Apollo Education announced revenue of $578.5 million or an EPS of a loss of $0.10. The University of Phoenix operator announced that the lower earnings were due to a decline of 13% in enrollment. Apollo sees third quarter revenue of $690-705 million and full-year revenue of $2.63-2.68 billion. Analysts are expecting $740.86 million and $2.73 billion respectively. Shares of the company fell nearly $8.00 to a new 52-week low of $19.82.