Posts for Ticker ‘DEEP’

The 52-Week Low Club (PPC)(DEEP)(EMDA)(XRIT)

Pilgrim’s Pride (PPC) Rising commodities prices will pinch margins. Falls to $18.51 from 52-week high of $41.

Superior Offshore (DEEP) Still concerns about solvency. Down to $1.15 from 52-week high of $19.58.

Equity Media Hldgs (EMDA) Receives "going concern" letter from auditors. Down to $.65 from 52-week high of $5.

X-Rite (XRIT) Cuts forecasts and jobs. Drops to $4.85 from 52-week high of $16.42.

Douglas A. McIntyre

Posted on: April 3, 2008 – 2:36 pm in HI/LOW, , , ,

The 52-Week Low Club (SGP)(PAY)(DEEP)

Superior Offshore (DEEP) Company warns of liquidity problems. Down to $1.20 from 52-week high of $19.58.

Medarex (MEDX) Pfizer ends joint drug trial. Sells off to $7.44 from 52-week high of $18.23.

Crocs (CROX) Downgrade by JP Morgan. Falls to $15.53 from 52-week high of $75.21.

Riverbed Technology (RVBD) No big, bad news. Stock down to $13.62 from 52-week high of $52.81.

Verifone (PAY) CFO is out after restatement. Shares drop to $12.65 from 52-week high of $50.

Schering-Plough (SGP) Fitch downgrades after negative comment on key drug product. Falls to $13.91 from 52-week high of $33.81.

Douglas A. McIntyre

Posted on: April 2, 2008 – 2:45 pm in HI/LOW, , , , , ,

Largest IPO Percentage Losses of 2007 (CHIP, DEEP, ZBB, BBND, MMPI, GLUU, IMRX, GSIT, XFML, PINN, LLNW)

247WallSt.com wanted to bring a best and worst in IPO’s for 2007.  Many investors look for recent IPO’s that have seen the shares hit hard since coming public.  Some of these may be overlooked, but always remember that there is usually a reason that an IPO would be down more than 50% since coming public.  As you can see below, there were some big losers for IPO’s in 2007:

  • VeriChip Corp (NASDAQ:CHIP) Feb. 9 at $6.50; recently $2.49 or -61.69%.
  • Superior Offshore (NASDAQ:DEEP) April 19 at $15.00; recently $5.85 or -61.00%.   
  • ZBB Energy Corp (AMEX:ZBB) June 15 at $6.00; recently $2.40 or -60.00%.
  • Bigband Networks (NASDAQ:BBND) March 14 at $13.00; recently $5.55 or -57.31%.
  • Meruelo Maddux Prop. (NASDAQ:MMPI) Jan. 24 at $10.00; recently $4.36 or -56.40%.   
  • Glu Mobile (NASDAQ:GLUU) March 21 at $11.50; $5.07 or -55.91%.
  • ImaRx Therapeutics (NASDAQ:IMRX) July 25 at $5.00; recently $2.23 or -55.40%.
  • GSI Technology (NASDAQ:GSIT) March 28 at $5.50; $2.51 or -54.36%.
  • Xinhua Finance Media (NASDAQ:XFML) March 8 at $13.00; recently $6.18 or -52.46%.
  • Pinnacle Gas Resources (NASDAQ:PINN) May 14 at $9.00; recently $4.30 or -52.22%.   
  • Limelight Networks (NASDAQ:LLNW) June 7 at $15.00; recently $7.29 or -51.40%.

Jon C. Ogg
December 26, 2007

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Posted on: December 26, 2007 – 7:54 am in HI/LOW, IPOs, , , , , , , , , , ,

Pre-Market Stock News (December 20, 2007) (ACN, ATVI, ALTU, ARRY, ATHX, BSC, BX, CAKE, ECHO, INTU, FDX, MLHR, IDEV, LDK, LEG, LOCM, NKE, ORCL, PIR, RIMM, RAD, RUTH, SMOD, SCS, DEEP, TRB)

This is not every bit of news on individual stocks but this is the major news affecting many shares in pre-market activity this Thursday morning:

  • Accenture (ACN) stock up 4% after posting $0.60 EPS vs. estimate of $0.56.
  • Activision (ATVI) again guided earnings higher.
  • Altus Pharmaceuticals (ALTU) traded down almost 20% after it reacquired ALTU-238 development and commercialization rights for North America from Genentech, an end to the development pact.
  • Array BioPharma (ARRY) traded down almost 20% after it announced initial results from a Phase II study comparing its monotherapy with temozolomide in the first-line treatment of advanced melanoma showed no apparent difference in efficacy for the primary endpoint.
  • Athersys (ATHX) and Angiotech announce authorization of Phase I stem cell trial for heart attacks.
  • Bear Stearns (BSC) expected to post first loss.
  • Blackstone (BX) plans to sell a $9 Billion CMBS offer backed by Hilton Hotels in Q1 2008.
  • Cheesecake Factory (CAKE) had a 10% stake taken by activist Nelson Peltz.
  • Electronic Clearing house (ECHO) getting acquired by intuit for $17.00 per share.
  • FedEx (FDX) $1.54 EPS vs. $1.50 estimates (had been lowered) but next quarter $1.15-1.30 vs. $1.38 est.; $6.40 to $6.70 for year bvs. $6.47 estimate.
  • Herman Miller (MLHR) $0.72EPS Vs. estimate of $0.59; stock rose about 10%.
  • Indevus Pharma (IDEV) trading down about 5% on a non-approvable letter from the FDA for VALSTAR NDA supplement (submitted May 2007).
  • Intuit (INTU) paying $131 Million for ECHO.
  • LDK Solar (LDK) $0.37 EPS on $157M revenues vs. $0.37/$143.22M est.; Q4 guidance $0.40-$0.41 on $180-$185M revenues vs. $0.41/$167.5M est.; stock indicated down 5%.
  • Leggett & Platt (LEG) stock down about 5% on lower guidance.
  • Local.com (LOCM) announced a strategic partnership with IAC/Interactive’s Citysearch; stock trading up 7% on news.
  • Nike (NKE) traded up 3% after $0.71 EPS on $4.3 Billion revenues vs. estimates $0.66/$4.3B.
  • Oracle (ORCL) traded up 6% after beating earnings and giving slightly higher guidance; sees enterprise spending lasting into 2008.
  • Pier 1 (PIR) -$0.11 EPS vs -$0.24 estimate.
  • Research-in-Motion (RIMM) reports earnings after the close today.
  • Rite Aid (RAD) indicated down about 5% after posting loss.
  • Ruths Chris (RUTH) gave an earnings warning.
  • Smart Modular Tech (SMOD) $0.18 EPS vs. $0.17 estimate.
  • Steelcase (SCS) $0.30 EPS vs. $0.28 estimate.
  • Superior Offshore (DEEP) signed a letter of intent with a strategic partner for ownership of a DP-III deepwater construction and dive support vessel expected to be delivered in late 2008.
  • Tribune (TRB) buyout supposedly set to close today.

Jon C. Ogg
December 20, 2007

Posted on: December 20, 2007 – 8:02 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , , ,

Reviewing Battered IPO’s: Superior Offshore (DEEP)

There is one fairly new small cap oil and energy company that keeps coming up in discussions over and over locally in Houston: Superior Offshore International Inc. (NASDAQ:DEEP).  The company is a fairly recent IPO and has never recovered the bulk of its post-IPO losses.  Merrill Lynch and J.P. Morgan brought this offshore deepwater services operator public at $15 in the middle of the $14 to $16 range, but the company was able to boost the offering by 1.5 million shares to 10.1+ million shares because of high demand. 

Superior offers subsea construction and commercial diving services to the offshore oil and gas industry, serving operators in the outer continental shelf and deep waters of the U.S. Gulf of Mexico was well as offshore Mexico, Latin America, Africa and the Middle East.  The company operates a fleet of 10 or 11 service vessels and provides remotely operated vehicles and saturation diving systems for deep water and harsh environment operations.  As of the last available figure, it employs 665 offshore personnel in North America, Africa, South Africa and the Middle East. 

If you have been watching oil lately with oil prices back over $80.00 per barrel, you would wonder what is going on.  This stock is in the right sector and there is a chance that it has been oversold and overlooked.  Of course, there is also the chance that there are problems in the business model change.  Because this is in the red hot energy services sector and has been kept down this long we have had it on a watch list.  It does not meet the criteria to become a formal pick for our Special Situation Investing Newsletter for a myriad of reasons, but it is one of the companies in the sector we have on a small cap watch list.

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Posted on: October 4, 2007 – 2:58 pm in IPOs, Oil & Gas, , ,

The 52-Week Low Club

Tween Brands (TWB) Specialty retailer has bad quarter and weak guidance. Drops to $27.35 from 52-week high of $49.00.

Superior Offshore (DEEP) Senior management enter into stock sales plans. Down to $10.30 from 52-week high of $19.58.

Gehl Co (GEHL) Maker of compact equipment for construction continues weak share price trend. Down to $22.10 from 52-week high of $33.17.

Oplink Communications (OPLK) Chip maker has bad quarterly guidance. Puts in new CFO. Falls to $12.65 from $22.38.

Douglas A. McIntyre

Posted on: August 22, 2007 – 3:02 pm in HI/LOW, , , ,