Posts for Ticker ‘MW’

The 52-Week Low Club (COF)(NT)(MW)(BKS)

Men’s Warehouse (MW) No one wants shirts, coats, and ties. Falls to $16.76 on bad same-store sales. Down from 52-week high of $56.64.

Barnes & Noble (BKS) Poor sales and weak earnings. Books are passe. Stock drops to $28 down from 52-week high of $43.80.

Nortel Networks (NT) Telecom equipment sector is weak all over. Trades down to $12.13 from 52-week high of $31.79.

Electronics for Imaging (EFII) Expects Q4 miss and gets downgraded. Shares fall to $12.35 from 52-week high of $30.20.

Capital One (COF) Big write-offs. Drops to $38.85 from 52-week high of $83.64.

Douglas A. McIntyre

The 52-Week Low Club

Darden Restaurants (DRI) Bad earnings, downgrades. Falls to $28.30 from 52-week high of $47.60.

SLM (SLM) Buy-out dead. New CEO. Margins for product poor. A mess. Down to $22.35 from 52-week high of $58.

Mens Wearhouse (MW) Nothing special. General retail malaise. Trades down to $28.43 from 52-week high of $56.64.

Exar Corporation (EXAR) Cuts revenue estimates. Falls to $7.60 from 52-week high of $15.24.

Douglas A. McIntyre

The 52-Week Low Club (SHLD)

Cato Corp (CTR) Drop in Q3 numbers and poor guidance for Q4. Falls to $14.45 from 52-week high of $25.66.

Mens Wearhouse (MW) Emperor has no cloths. Bad earnings. Drops to $33.62 from 52-week high of $56.64.

McClatchy (MNI) One of newspaper chain’s large properties offers employee buy-outs. Falls to $13 from 52-week high of $43.70.

Sears Holdings (SHLD) Poor earnings. Falls to $98.25 from 52-week high of $195.18.

Stein Mart (SMRT) Turns in money losing quarter. Trades down to $5.15 from 52-week high of $17.17

Douglas A. McIntyre

Additional Pre-Market Stock News (November 29, 2007) (ENB, EEP, FRED, HNZ, LULU, MHS, MW, VSE, USBE, ULBI, VIP, SIGM)

Below is some of the other top summaries of news we haven’t covered this morning:

Enbridge Inc. (ENB) and Enbridge Energy Partners, L.P. (EEP) had a pipeline blow late yesterday that has oil up as much as $4 today; two workers were killed; the explosion and fire on an Enbridge Energy Partners’ crude oil pipeline approximately three miles southeast of Enbridge’s Clearbrook, Minnesota terminal is apparently one of the Canadian pipelines that comes down to the U.S. and it is a supply risk.
Fred’s (FRED) $0.12 EPS after $0.02 "timing event" versus $0.14 estimate; hired Merrill Lynch to help it review strategic alternatives after receiving interest from multiple parties.
HJHeinz (HNZ) $0.71 EPS vs $0.69 est.; put guidance at higher end of range for next quarter.
Lululemon (LULU) trading up 10% after beating earnings and raising guidance.
Medco Health (MHS) announced a 2 for 1 stock split.
Men’s Wearhouse (MW) trading down 12% after disappointing earnings.
Sigma Designs (SIGM) traded up 14% after posting $0.79 EPS vs $0.54 estimates.
Ultralife Batteries (ULBI) receive a $2.6 million order from the U.S. Defense Department.
VeraSun Energy (VSE) and US BioEnergy (USBE) are going to merge operations into a single company; USBE shares up 8%.
Vimpel-Comm (VIP) trading up 5% after beating earnings expectations.
WellCare Health Plans, Inc. (WCG) traded up 10% after-hours after announcing that on November 21, it received an executed Contract between the Centers for Medicare & Medicaid Services. This one had been battered after that FBI raid killed the stock in recent weeks.

Jon C. Ogg
November 29, 2007