Diamonds and Dogs


Seagate's (STX) having a good day. The electronic storage maker is up 11% to a three month high following better than expected earnings. The company beat by 10 cents even as revenues fell 5.9% year over year to $2.63 billion. Seagate's chief was upbeat about a deal with Toshiba to obtain NAND flash chips to expand their disk-drives to solid-state drives. Board of Directors of the Company approved a quarterly cash dividend of $0.63 per share.

Hasbro (HAS) does not look good ahead of the holiday season. The toymaker fell 8% to a nine month low following earnings. The company actually beat estimates, but lowered fourth quarter guidance to revenue of +4-7% to roughly $1.69-1.74 billion verse estimates of $1.81 billion. The bankruptcy of Toys'R'Us  weakened Hasbro' s forecasts for the holiday season in otherwise strong third-quarter results. Toys'R'Us left Hasbro exposed to the tune of $60 million in unsecured claims for payment.

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.