52-Week Low Club (ALTU, SIL, CEG, COMV, EIX, ZINC, MIR, ZOLT)

Over the last three days it has been thin for 52-week lows, but a good market drop sure brings a reminder to the wall of shame.  Here are some of today’s key 52-week lows.

• Altus Pharmaceuticals (NASDAQ: ALTU) tanked after Phase III cystic fibrosis tests failed to please on all fronts.
• Apex Silver Mines (AMEX: SIL) fell nearly 40% after earnings disappointed.  At least they can use those mines for mushroom growth if they don’t find silver.

• Constellation Energy (NYSE: CEG) Fell over $11.00 to new 52-week lows after an analyst raised more questions about the company.
• Comverge (NASDAQ: COMV) fell on its sword after missing estimates and lowering targets on regulatory changes at a major client.
• Edison International NYSE: EIX) hit another 52-week low after selling $400M in bonds.
• Horsehead Holdings (NASDAQ: ZINC) hit new lows as earnings failedto give any inspiration.  Shares closed almost 5% under the prior rangeof $9.04 to $26.14.  With this stock name we could think of two newnicknames for the company, but we’ll be nice.
• Mirant (NYSE: MIR) Followed Edison to join the wall of shame again down 2% under prior 52-week lows.
• Zoltek Technologies (NASDAQ: ZOLT) was a shocker of an earningsdisappointment with wind power under question.  Shares fell to $15.52,well under the old $17.75 to $48.78 52-week range.

Jon C. Ogg
August 12, 2008