Diamonds and Dogs


Xerox (XRX) keeps improving. The photocopy and printer company is up 6% to a new 52 week high on news they will sell their 25% stake in Fujifilm Holdings for $2.3 billion. Xerox expects to use the proceeds opportunistically to pursue accretive M&A in core and adjacent industries, return capital to shareholders and pay down its $550 million December 2019 debt maturity.

Shake Shack (SHAK) looks a little shaky. The burger company is down 17% after lowering its same-store sales growth guidance. The company actually beat estimates for the quarter as sales rose 31.9% to $157.76 million but lowered fourth quarter guidance as the decision to move to a single delivery provider, GrubHub may not be the wisest move. Analysts are concerned about the fourth quarter and costs are certainly not going down. With a stock trading for 80 times earnings, there is little room for mistakes.

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.