The 52-Week Low Club

Some very large companies made today’s 52-week low list.

Constellation Brands (STZ) The large distiller said 2008 earnings would be poor, and poor enough to send the stock down 15% today to $20.04. The 52-week high: $29.17.

IndyMac Bancorp (NDE) Not a sub-prime lender but the slow housing market is hitting this home lending operation. Down to over 6% on profit warning to $32.16 and off more after hours to $31.60. The 52-week high: $50.50.

McClatchy Newspapers (MNI) This newspaper company seems to want to stay on the list. Recently reported that January advertising sales are down. Off another 1% today to $36.99. Perhaps the CEO will make the 24/7 list of chiefs who have to go. The 52-week high: $55.66.

AVANIR Pharma. (AVNR) Problems with FDA on approval of Zenvia™ as a treatment for involuntary emotional expression disorder. Another very ugly day with stock down over 17% to $1.54. The 52-week high: $18.14.

Horizon Offshore (HOFF) The company provides construction for offshore oil and gas sites. Company reported that revenue fell in Q4 06. Stock was pounded down over 15% to $14.03. The 52-week high: $24.

Transmeta (TMTA) Yesterday’s drop after poor earnings was not enough. Stock in microprocessing intellectual property business dropped another 6% to $.67. Got back a little after hours. The 52-week high: $2.37.

Amgen (AMGN) A big surprise to see one of the great growth stocks of the last decade on the list. In 1996, AMGN was a $13 stock. Hit $77 over the last 12 months, but today reached a 52-week low of $61.70. The biotech’s big anemia drug, Aranesp, is facing safety issues.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.