Diamonds and Dogs


A dog turns into a diamond today. VCA Inc, an animal healthcare company, symbol (WOOF) is up 28% to a new all-time high after Mars Inc., the conglomerate that owns the IAMS and Pedigree pet food brands, agreed to aquire VCA  Inc for $9.1 billion. VCA operates almost 800 small animal veterinary hospitals in the U.S. and Canada.

Eagle Pharma (EGRX) grounded today. The biotech company dropped 9% today after dropping 8% on Friday. An analyst at Mizuho downgraded the stock today to a neutral from a buy with a $64 target verse a $78 price target. Firm notes they are downgrading EGRX as valuation declined due to lower Treanda/Bendeka expectations introduced by Teva (so they expect consensus estimates to decline too). They think this more conservative outlook could adversely impact takeout interest.

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.