Investing
52-Week Low Club (ABK, AKAM, C, CPKI, EBAY, FFIV, FUL, NMX, PMI, ZQK, SGMS, STXS, TTI, XRX, ZBRA)
Published:
After the financial meltdown and after the new tech wreck, many of the same stocks and same REIT’s keep appearing over and over on the list of new 52-week lows. Here are some others that might not have normally caught your eye:
- AMBAC Financial (ABK) was down big after it came clean and ran the gauntlet, but this one went from bad to worse by closing down a whopping 38% at $12.97. Ouch!
- Akamai Tech (AKAM) closed down almost 4% at $25.88; prior 52-week range was $25.97 to $59.69….. so much for pushing out online video and media faster being a solid business.
- Citigroup (C) just cant catch a break with a new year low close of $26.24. Maybe being a stronger manager might help Pandit. Dear Vikram, Welcome to running a troubled public company.
- California Pizza Kitchen (CPKI) after its warnings closed down over 17% at $10.10; $12.20 to $25.23 prior range.
- eBay (EBAY) was a bit of a shock to see, although if you take the retail, tech, and internet angle it’s not a huge stretch. The good news is that this was only intra-day with a low of $27.67 at the open. It closed up 0.5% at $28.09 and the prior 52-week range was $27.85 to $40.73.
- F5 Networks (FFIV) took a downgrade to Hold from Buy at Jefferies; shares closed down 8% to $20.68; prior range $21.07 to $46.94.
- H B Fuller (FUL) manufactures and markets adhesives and specialty chemical products worldwide. It fell 11.3% to $19.57; prior low $20.56; posted lower Q4 earnings
- NYMEX Holdings (NMX) closed down 7.5% at $103.98, 52-week range is $105 to $148; maybe that raised CEO bonus might not be the best idea.
- PMI Group (PMI) won’t find any sympathy anywhere, shares closed down 7.5% at $7.77.
- Quicksilver (ZQK) can’t be a big shock since it warned on earnings yesterday; -5.3% at $7.04.
- Scientific Games (SGMS) wasn’t just bad, it was a slaughter at -30% to $19.45; prior range $28.15 to $40.70. It lost a contract and took a downgrade.
- Stereotaxis (STXS) received an additional approval from FDA but it warned on earnings in a significant manor that caused an investor and trader revolt in what was already down and out. It fell down 22% to $8.84; prior range $9.66 to $16.88.
- Tetra Technologies (TTI) is a geographically diversified oil and gas services company that provides niche products and services focused on well completion and on late-life production enhancement and decommissioning. Maybe that business isn’t great anymore? It warned Monday about a shortfall and today was just as bad or worse. This one closed down 8% to $14.38, and its prior 52-week range was $14.38 to $30.20.
- Xerox (XRX) hit intra-day 52-week lows and if this isn’t an endorsement of a slowdown in the big business climate then what the hell is? Shares hit a low of $13.59, but closed barely over the prior 52-week low at $13.88; 52-week range $13.84 to $20.18.
- Zebra Tech (ZBRA) can’t be too big of a shock with retail slowing and its bar code tech is retail dependent (sans-drugs); stock fell almost 3% to $30.17; prior range is $30.95 to $42.50.
Jon C. Ogg
January 16, 2008
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