Shares of Cintas
Does this surprise anyone? If your business is leasing out clean workforce uniforms and providing corporate cleaning supplies, you're going to take a hit when recessions force companies to scale back on their hires.
On the other side of the performance spectrum, Linux vendor Red Hat
Briefly in the news
Let's take a quick look at some of the other stories that shaped our week:
- Rumors of Amazon.com
(Nasdaq: AMZN) acquiring Netflix(Nasdaq: NFLX) resurfaced this week, as trading activity spiked on Netflix call options. This pairing seems to crop up every so often, as if Amazon were a bloodthirsty bull drawn to Netflix's red mailers. - Online poker specialist GigaMedia
(Nasdaq: GIGM) may have played a bad hand, but it still has plenty of chips. The Taiwanese company finally reported its quarterly results. It posted a small deficit, but the company's balance sheet is juicy and getting juicier. -
sanofi-aventis
(NYSE: SNY) is buying Chattem(Nasdaq: CHTT) in a $1.9 billion deal. Let's hope that it realizes that Gold Bond is just a medicated powder, and not a precious metals play.
Until next week, I remain,
Rick Munarriz