Investing

52-Week Low Club I (AMD, BIG, DRIV, FRPT, HOTT, SOLD)

Below is the first batch of 52-week lows today:

  • Advanced Micro Devices (NYSE:AMD) hits the 52-week lows.  I guess Dell being weak and them losing their position there isn’t pleasing anyone.  Maybe they get another stake taken from the Middle East.  Maybe not.  This one is now eligible for coverage in our "10 Stocks Under $10" Newsletter, although unless the company has a split personality it’s hard to be positive here. $9.72 close…under the $9.80 new low.
  • Big Lots (NYSE:BIG)…down 8% to $18.67, under the $19.17 prior 52-week low.  It beat earnings but a lowered guidance makes this the story of "The Good, The Bad, & The Fugly"… remember our own "Big Lots Stock Uglier Than Its Stores" call? We took some heat for being insulting, but it wasn’t as insulting as the stores themselves.  They don’t sell iPods, but i-Nots are over the place.
  • Digital River (NASDAQ:DRIV) fell 3.3% to $38.67, under the $39.01 lows and down from $60.99 highs. A BenQ contract win didn’t help. 
  • Force Protection (NASDAQ:FRPT) down big today by 27% to 410.81. Apparently the Marines are slowing spending on mine-resistant trucks, and that kills this stock.
  • Hot Topic (NASDAQ:HOTT) down 3% to $6.31 versus $6.37 prior 52-week lows.  Nothing hot here.
  • Housevalues (NASDAQ:SOLD)…. apparently the housing woes aren’t ending there, even if housing and lending is seeing severe short covering.

Jon C. Ogg
November 30, 2007

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