Diamonds and Dogs


Sysco Corporation (SYY)

Sysco Corporation is looking great today, up 6.78% to $41.14. The food distributor saw its shares rally after news that Nelson Peltz's Trian Fund disclosed a $42.1 million stake in Sysco. That stake equates to 7.1% of the shares outstanding, which would now make Trian the largest shareholder of the company. Trian Fund said in a statement that it took a stake in Sysco because it believed that the shares were undervalued at the time the made the transaction. Shares of Sysco climbed over $2.70 to a new 52-week high of $41.87 intraday.

El Pollo Loco Holdings Inc. (LOCO)

El Pollo Loco is making its investors crazy today, down 19.61% to $14.76. The fast food restaurant saw its shares crash after releasing second quarter earnings. For the quarter, management reported net income of $0.19 per share on revenue of $89.5 million. Analysts forecast for earnings of $0.18 per share on revenue of $92.96 million. While the company beat on EPS it missed revenue causing shares to tank. Shares of El Pollo Loco fell over $3.50 today to a new 52-week low of $14.62.

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.