Investing

Blackstone (BX) Joins The 52-Week Low Club

Blackstone (BX) It did just go public, but it should be doing better than this. $30.32, down from $38.

W Hldg (WHI) Bank holding company says one of its asset-backed loans is "impaired". Drops to $3.16 from 52-week high of $6.70.

Fortress Investment (FIG) Pulled down by Blackstone drop. Falls to $21.90 from 52-week high of $37.

Hovnanian (HOV), Pulte (PHM), Beazer (BZH), Lennar (LEN). On the list so often, might as well do them as a group. Housing gets worse.

US Energy Systems (USEY) Energy services provider looking at bankruptcy. Down to $.92 from 42-week of $6.95.

Encysive Pharmaceuticals (ENCY) Competitor’s pulmonary arterial hypertension drug wins approval, cuts most of staff, puts in a new CEO. Nuff said. Down to $1.71 from 52-week high of $7.10.

Human Genome Sciences (HGSI) Lehman Bros cuts stock on worries about the potential of its lupus drug candidate. Falls to $8.90 from 52-week high of $13.06.

Douglas A. McIntyre

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