Posts for Ticker ‘AGIX’

The 52-Week Low Club

The Pep Boys (PBY) Cutting stores, cutting jobs. Falls to $12.01 from 52-week high of $22.49.

Idearc (IAR) CFO steps down. Drops to $17.83 from 52-week high of $38.

The New York Times Company (NYT) Analyst downgrade. Falls to $16.02 from 52-week high of $26.90.

Central Garden & Pet (CENT) Quarterly loss. Drops to $4.62 from 52-week high of $53.98.

Atherogenics (AGIX) Still falling after drug trial failure. Sells off to $.46 from 52-week high of $13.34.

Marvell Technology Group (MRVL) Foggy sales forecast. Drops to $14.50 from 52-week high of $21.85.

Douglas A. McIntyre

The 52-Week Low Club

Quebecor (IQW) Printing company announces refinancing and get downgrades. Falls to $3.03 from $14.79 high.

Virgin Mobile Usa (VM) Wider loss that expected. Falls to $8.07 from 52-week high of $15.69.

Standard Pacific (SPF) Home builder. Nothing more to say. Drops to $3.05 from 52-week high of $30.52.

Fannie Mae (FNM) Mortages and investigations. Bad mix. Falls to $36.86 from 52-week high of $70.57.

Atherogenics (AGIX) Problem with diabetes drug. Down to $.62 from 52-week high of $13.34.

Yrc Worldwide (YRCW) Weak trucking trends. Down to $17.39 from 52-week high of $47.09.

Douglas A. McIntyre

AtheroGenics Gets Knocked Down

Drug developer AtheroGenics (AGIX) said Wednesday its failed heart-drug candidate showed signs it may be effective as an oral anti-diabetic drug

The company is currently recruiting patients for a Phase III clinical trial on the drug candidate

Wall St. seemed to think that the news put any recovery at the company almost out of reach. Its shares dropped 19% to $2.44. They have a 52-week high of $15.70.

Douglas A. McIntyre

The 52-Week Low Club (May 18, 2007)

Despite day after day of the "New DJIA High" headlines some companies keep going the opposite direction and put in new 52-week lows.  This little piggy went to market…..

Atherogenics (AGIX)…. Keeps drifting lower. $140 million implied cash on the books, but negative liquidity with the debt.  Maybe it’s easier to be in the parachute business.

CalAmp (CAMP).. Customer issues hurting earnings results, and shareholders.

Gaming Partners (GPIC)… Not all casino suppliers are doing well, even if the company customers are.

Healthcare Realty (HR)… This is and was surprising.  Now you have to wonder if that 8% divdend is going to be real.

JDS Uniphase (JDSU)… Dark fiber, is it 2000 all over again?

JAPAN SMALLER CAP FUND (JOF)… this was surprising, even though we usually leave funds off the list.

Shoe Pavilion (SHOE)… must have Digger selling the shoes or it must be smelly feet.

Sonic Solutions (SNIC).. lower revenues, a Roth downgrade, and breaking the sound barrier the way the test pilots did before Chuck Yeager made it.

Jon C. Ogg
May 18, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.