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Dividend Analysis: Commercial REITs With Most Upside (GOV, OFC, EPR, DRE, REG, KIM, DLR, VNO, SPG, DDR)

Paul Ausick — Mon, 14 Nov 2011 19:43:55 +0000

There are a wide variety of REITs involved in non-residential property ownership and management and a few of these are our focus today. These include general office space, technology company office space, buildings leased to government, retail stores, mall buildings, commericial real estate, and movie complexes.

The companies included in today’s report include Government Properties Income Trust (NYSE: GOV), Corporate Office Properties Trust (NYSE: OFC), Entertainment Properties Trust (NYSE: EPR), Duke Realty Corp. (NYSE: DRE), Regency Centers Corp. (NYSE: REG), Kimco Realty Corp. (NYSE: KIM), Digital Realty Trust, Inc. (NYSE: DLR), Vornado Realty Trust (NYSE: VNO), Simon Property Group Inc. (NYSE: SPG), and DDR Corp. (NYSE: DDR).

All data from Yahoo! Finance, and current prices gathered shortly after noon today.

Government Properties Income Trust (NYSE: GOV) has a median target price of $23.00 from 6 brokers. Shares are trading today at $21.42, for an implied gain of $1.58, or 7.4%. Government Properties’ forward P/E is 10.71 and the company pays a dividend yield of 7.9%. The stock’s 52-week trading range is $19.68-$27.80, and at today’s price that’s about 9% above its 52-week low and 23% below the 52-week high.

Although the company’s implied upside is not among the highest in this group, its list-leading dividend yield and the space between its current price and its 52-week high recommend the stock. One possible downside remains the looming federal budget reduction, which could seriously weigh on the stock.

Corporate Office Properties Trust (NYSE: OFC) has a median target price of $25.50 from 10 brokers. Shares are trading today at $22.83, for an implied gain of $2.67, or 11.7%. Corporate Office’s forward P/E is 31.3 and the company pays a dividend yield of 7%. The stock’s 52-week trading range is $19.65-$36.90, and at today’s price that’s about 16% above its 52-week low and 38% below the 52-week high.

The high forward P/E ratio and the distance between the current price and the 52-week high should lower the stock’s implied gain of nearly 12%. The substantial dividend yield makes up for a lot of sins though.

Entertainment Properties Trust (NYSE: EPR) has a median target price of $46.00 from 7 brokers. Shares are trading today at $44.11, for an implied gain of $1.89, or 4.3%. Entertainment Properties’ forward P/E is 12.45 and the company pays a dividend yield of 6.2%. The stock’s 52-week trading range is $35.71-$50.44, and at today’s price that’s about 24% above its 52-week low and 13% below the 52-week high.

The company reported an EPS of $0.80 in its third quarter, the first positive report this year. That coupled with earnings growth in the current quarter have pushed the stock near its 52-week high, with the lowest implied gain of any of these companies. The dividend yield is certainly attractive, though.

Duke Realty Corp. (NYSE: DRE) has a median target price of $14.00 from 13 brokers. Shares are trading today at $11.50, for an implied gain of $2.50, or 21.7%. Duke’s forward P/E is 10.48 and the company pays a dividend yield of 5.8%. The stock’s 52-week trading range is $9.29-$15.63, and at today’s price that’s about 24% above its 52-week low and 26% below the 52-week high.

At today’s price, Duke’s dividend yield and its implied gain are very attractive, particularly when coupled with a moderate forward P/E and a reasonable amount of space to its 52-week high.

Filed under: Analyst Calls, Dividend, REIT, Value Investing Tagged: DDR, DLR, DRE, EPR, GOV, KIM, OFC, REG, SPG, VNO

Top Analyst Upgrades & Downgrades (AIR, AA, AMAT, BWLD, CAT, OFC, DNDN, EMC, MRH, NFLX, SANM, SGEN, S, UNH, VFC, WFMI, YMI, ZBRA)

Administrator — Mon, 02 May 2011 12:19:44 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning.

AAR Corporation (NYSE: AIR) Maintained Outperform as Bull of the Day at Zacks.
Alcoa Inc. (NYSE: AA) Raised to Buy at Goldman Sachs.
Applied Materials Inc. (NASDAQ: AMAT) Cut to Neutral at JPMorgan.
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) Maintained Strong Buy at Zacks.
Caterpillar Inc. (NYSE: CAT) Reiterated Outperform and target raised to $148 at Credit Suisse.
Corporate Office Properties (NYSE: OFC) Cut to Underweight at JPMorgan.
Dendreon Corporation (NASDAQ: DNDN) Started as Underperform at Credit Suisse.
EMC Corp. (NYSE: EMC) Raised to Buy with $35 target at BofA/ML.
Montpelier Re Holdings (NYSE: MRH) named as Bear of the Day at Zacks.
Netflix, Inc. (NASDAQ: NFLX) Raised to Buy at Citigroup.
Sanmina-SCI Corporation (NASDAQ: SANM) Raised to Buy at Argus.
Seattle Genetics Inc. (NASDAQ: SGEN) Started as Buy
Sprint-NexTel Corporation (NYSE: S) Reiterated Buy with $7 target at Argus.
UnitedHealth Group (NYSE: UNH) Kept at Strong Buy and noted as Value at Zacks.
V.F. Corporation (NYSE: VFC) Cut to Hold at Citigroup.
Whole Foods Market, Inc. (NASDAQ: WFMI) Cut to Hold at Jefferies.
Y M Biosciences Inc. (AMEX: YMI) Started as Neutral with $4 target at BofA/ML.
Zebra Technologies Corp. (NASDAQ: ZBRA) Raised to Overweight at JPMorgan.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: AA, AIR, AMAT, BWLD, CAT, DNDN, EMC, MRH, NFLX, OFC, S, SANM, SGEN, UNH, VFC, WFMI, YMI, ZBRA

Top Analyst Upgrades & Downgrades (AAPL, AMGN, OFC, EXPE, KEM, MOS, POT, SVU, TROW, UHS, WFMI, WYNN, ALTR, ATML, NVDA, SNDK, TXN)

Administrator — Tue, 04 Jan 2011 13:08:51 +0000

After about two weeks of being quiet and dark, Wall Street research departments are back after the holidays. These are some of this Tuesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls.

Apple Inc. (NASDAQ: AAPL) Added to Short-Term Buy List with $410 target at Deutsche Bank.
Amgen Inc. (NASDAQ: AMGN) Raised to Neutral at BofA/ML.
Corporate Office Properties Trust (NYSE: OFC) Started as Neutral and $36 target at BofA/ML.
Expedia Inc. (NASDAQ: EXPE) Reiterated Buy but lowered estimates at BofA/ML.
KEMET Corporation (NYSE: KEM) Started as Buy and $19 target at BofA/ML.
Mosaic Co. (NYSE: MOS) Cut to Neutral at Gleacher & Co.
Potash Corp. of Saskatchewan (NYSE: POT) Started as Outperform and $190 target at Boenning & Scattergood.
SuperValu Inc. (NYSE: SVU) Cut to Underweight at Morgan Stanley.
T. Rowe Price Group, Inc. (NASDAQ: TROW) Cut to Market Perform at Wells Fargo.
Universal Health Services, Inc. (NYSE: UHS) Raised to Buy and $51 target at BofA/ML.
Whole Foods Market, Inc. (NASDAQ: WFMI) Cut to Market Perform at BMO.
Wynn Resorts Ltd. (NASDAQ: WYNN) Raised to Hold at KeyBanc.

Goldman Sachs is raising targets on several key chip/semiconductor stocks, although many n this excerpt of a larger sector call are catch-up calls and under the current price of the stock:
Altera Corp. (NASDAQ: ALTR) raised to $32.00 from $26.00;
Atmel Corporation (NASDAQ: ATML) raised to $10.00 from $7.25;
NVIDIA Corporation (NASDAQ: NVDA) raised to $13.00 from $11.00;
SanDisk Corporation (NASDAQ: SNDK) raised to $43.00 from $36.00;
Texas Instruments Inc. (NYSE: TXN) raised to $38.00 from $34.00.

In case you were out last week, the top five analyst calls full summary is available here (AMZN, APC, AAPL, GOOG, VVTV).

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, ALTR, AMGN, ATML, EXPE, KEM, MOS, NVDA, OFC, POT, SNDK, SVU, TROW, TXN, UHS, WFMI, WYNN

Top Active Trader Alert Stocks (BP, CGNX, CCUR, OFC, ESLR, MPEL, WFR, MVIS, NTRI, TEAM)

Administrator — Tue, 02 Nov 2010 12:44:05 +0000

Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of BP plc (NYSE: BP), Cognex Corp. (NASDAQ: CGNX), Concurrent Computer Corporation (NASDAQ: CCUR), Corporate Office Properties Trust (NYSE: OFC), Evergreen Solar Inc. (NASDAQ: ESLR), Melco Crown Entertainment Ltd. (NASDAQ: MPEL), MEMC Electronic Materials Inc. (NYSE: WFR), Microvision Inc. (NASDAQ: MVIS), NutriSystem Inc. (NASDAQ: NTRI), and TechTeam Global, Inc. (NASDAQ: TEAM).

BP plc (NYSE: BP) is trading higher after the troubled oil giant returned to a profit, even if its well costs remain an open-ended issue. Shares are indicated up around $41.30 after a $40.70 close.

Cognex Corp. (NASDAQ: CGNX) beat earnings estimates after net income tripled and after guiding quarterly revenues ahead of estimates. Shares are trading up 6.5% at $28.40 at a new 52-week high above $27.99.

Concurrent Computer Corporation (NASDAQ: CCUR) is lower after posting an unexpected loss for the quarter. Shares closed at $6.90 and shares are down 28% at $4.96.

Corporate Office Properties Trust (NYSE: OFC) is lower this morning after announcing a 6.5 million shares secondary offering. Shares are indicated down about 4% just under $34.50 after a $35.87 close and against a 52-week range of $31.77 to $43.61.

Evergreen Solar Inc. (NASDAQ: ESLR) had a narrower loss than before but was light on estimates; shares are indicated down 7% at $0.89 this morning.

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is hitting 52-week highs up over 7% at $7.00 after beating earnings with a surprise profit.

MEMC Electronic Materials Inc. (NYSE: WFR) missed Q3 earnings estimates and withdrew offering guidance. Shares were down over 10% last night in the after-hours session, but now shares are down ‘only’ about 3% around $12.30 in active trading.

Microvision Inc. (NASDAQ: MVIS) is down 14% at $1.72 after posting a wider than expected loss yesterday after the close. Volume is thin, but this marks a 52-week low as the prior 52-week trading range was $1.91 to $4.11.

NutriSystem Inc. (NASDAQ: NTRI) rose approximately 7% last night after beating earnings despite revenues being a tad light. This morning shares are trading up 5.6% at $19.85 in thin pre-market trading.

TechTeam Global, Inc. (NASDAQ: TEAM) is merging with a Stefanini IT Solutions affiliate for $8.35 per share; shares are trading up 16% at $8.30 on very thin trading volume.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: BP, CCUR, CGNX, ESLR, MPEL, MVIS, NTRI, OFC, TEAM, WFR

Top Analyst Upgrades and Downgrades (AIB, STD, OFC, CS, DNDN, JASO, MU, POT, RAX, SFSF, SNDK, UBS)

Administrator — Tue, 21 Sep 2010 11:38:03 +0000

These are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes:

Allied Irish Bank plc (NYSE: AIB) Cut To Neutral From Buy By Goldman Sachs
Banco Santander SA (NYSE: STD) Cut to Neutral at Goldman Sachs.
Corporate Office Properties Trust (NYSE: OFC) Started as Buy at Jefferies.
Credit Suisse Group (NYSE: CS) Started as Sell at RBS.
Dendreon Corporation (NASDAQ: DNDN) Started as Outperform and $50 target at RBC.
JA Solar Holdings (NASDAQ: JASO) Started as Market Perform at Wells Fargo.
Micron Technology Inc. (NYSE: MU) Cut to Neutral at Sterne Agee.
Potash Corp. of Saskatchewan (NYSE: POT) Target Cut To $150 From $165 at CIBC.
Rackspace Hosting (NYSE: RAX) Reiterated Buy but raised target to $24 at Kaufman Bros.
SanDisk Corp. (NASDAQ: SNDK) Cut to Neutral at Stern Agee.
SuccessFactors, Inc. (NASDAQ: SFSF) Raised to Conviction Buy List at Goldman Sachs.
UBS AG (NYSE: UBS) Started as Hold at RBS.

JON C. OGG

Filed under: Analyst Calls Tagged: AIB, CS, DNDN, JASO, MU, OFC, POT, RAX, SFSF, SNDK, STD, UBS

Top Analyst Upgrades and Downgrades (ADBE, CHKP, CTXS, OFC, DWA, MAT, MSFT, SNDK, TRA, VMW, VRSN, WFMI)

247wallst — Wed, 17 Feb 2010 13:17:04 +0000

These are some of the top Wall Street research calls from analyst upgrades, downgrades, and initiations seen early this Wednesday morning:

Adobe Systems (NASDAQ: ADBE) Started as Buy at Citigroup.
Check Point Software (NASDAQ: CHKP) Started as Buy at Citigroup.
Citrix Systems (NASDAQ: CTXS) Started as Sell at Citigroup.
Corporate Office Properties (NYSE: OFC) Raised to Top Pick at RBC.
Dreamworks Animation (NYSE: DWA) Raised to Overweight at Thomas Weisel.
Mattel Inc. (NYSE: MAT) Raised to Buy at UBS.
Microsoft (NASDAQ: MSFT) Started as Buy at Citigroup.
SanDisk Corp. (NASDAQ: SNDK) Raised to Overweight at Morgan Stanley.
Terra Industries (NYSE: TRA) Cut to Neutral at JPMorgan.
VMware (NYSE: VMW) Started as Hold at Citigroup.
VeriSign (NASDAQ: VRSN) Started as Buy at Citigroup.
Whole Foods (NASDAQ: WFMI) Raised to Overweight at JPMorgan.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG
FEBRUARY 17, 2010

Filed under: Analyst Calls Tagged: ADBE, CHKP, CTXS, DWA, MAT, MSFT, OFC, SNDK, TRA, VMW, VRSN, WFMI

Commercial Real Estate Woes Back in Focus (JPM, BXP, LRY, OFC, SPG, PLD, DLR, AMB, CBG)

247wallst — Thu, 16 Jul 2009 15:02:38 +0000

This morning’s earnings call from J.P. Morgan Chase & Co. (NYSE: JPM) echoes some of our concern of what is coming in the next wave of real estate problems which could cause the next wave of economic problems. Commercial real estate. This forecast by Jamie Dimon, along with profit taking in a down-market morning, is acting to hit large-scale commercial property stocks in REITs and in operating companies. These are not the only stocks by any means in these sectors, but our go-to universe includes Boston Properties Inc. (NYSE: BXP), Liberty Property Trust (NYSE: LRY), Corporate Office Properties Trust Inc. (NYSE: OFC), Simon Property Group Inc. (NYSE: SPG), ProLogis (NYSE: PLD), Digital Realty Trust Inc. (NYSE: DLR), AMB Property Corp. (NYSE: AMB), and CB Richard Ellis Group, Inc. (NYSE: CBG). All of these are getting hit this morning. We have provided some detailed information, brief technical analysis, and charts for each below.

Boston Properties Inc. (NYSE: BXP) is a $5.7 billion urban office properties REIT and its shares are down 1.3% at $47.17. The 52-week range is $29.30 to $105.80. This charts is at a critical juncture, or at least will be in a few days when those 50-day and 200-day moving average converge. Shares are also at the top of a near-term trading range. CHART

Liberty Property Trust (NYSE: LRY) is a $2.4 billion diversified industrial and office spaces REIT. Shares are down 1.25% at $22.95 and its 52-week range is $11.83 to $44.62. Its stock is at a critical level as it passed its 50-day moving average yesterday and had been trading between its 50-day and 200-day moving average for most of the last month. CHART

Corporate Office Properties Trust Inc. (NYSE: OFC) is a $1.7 billion operator suburban office properties whose shares are down close to 2% at $29.73, and its 52-week range is $20.39 to $43.50. This one has bounced hard over the last few days and is now back above its 50-day moving average. Prior to that, its 200-day moving average had been acting as support. CHART

Simon Property Group Inc. (NYSE: SPG) is the giant $12.8 billion large-scale mall and retail REIT. Its shares are down over 1% at $50.12 this morning and its 52-week range is $24.27 to $106.43. Where this gets interesting is that it is nested between its 50-day and 200-day moving averages and the 200-day moving average crossed under the 50-day average at the end of June. CHART

ProLogis (NYSE: PLD) is the giant owner of corporate warehouse and office parks worth about $3.4 billion, although that figure may be adjusted after recent refinancings. With shares down 2% at $7.58, its 52-week range is $2.20 to $54.89. Shares are still up considerably in recent days, but this one is still using the 50-day moving average as an overhang and is very far under the 200-day moving average. CHART

Digital Realty Trust Inc. (NYSE: DLR) is a $2.8 billion technology-related real estate operator as a REIT. Its stock is down less than 1% at $37.65 today and its 52-week range is $18.04 to $51.28. This one is actually doing very well oin the charts and is well above its 50-day moving average and even much higher than that above its 200-day moving average. CHART

AMB Property Corp. (NYSE: AMB) is an industrial properties REIT worth close to $2.5 billion. While shares are down over 2%, it is still above the lower-end of a trading range of $16.50 to $18.50 of the last month. But it has also not been able to get back above the 50-day moving average and that 200-day moving average is close to converging over the next week or two. CHART

CB Richard Ellis Group, Inc. (NYSE: CBG) is the large $2.4 billion commercial real estate services firm worldwide. Its shares are down 1.6% at $9.07 and its 52-week range is $2.34 to $21.00. As you will see in its chart, this one has been holding up well for over a month despite the pullback. This is still above the 50-day moving average and is well above the 200-day moving average. CHART

The good news that is in here is that these stocks are all so far under their former glory days that much of the bad data ahead ‘may’ be at least somewhat factored in. We would also note that the concerns are not necessarily new concerns, but they are another reminder that the waves of problems here are still looming rather than being in the rear-view mirror.

As it has been a difficult sell to get the belief that the stock market acts as an effective discounting mechanism, we would still expect some of these to face more downside pressure if and when the problems start to arise later in 2009 on the commercial side. Some have raised substantial cash and that will help to act as a cushion after the waves of REIT stock sales in May and part of June.

All the chart links herein from StockCharts.com show the current prices as well as the 50-day and 200-day moving average.

JON C. OGG
JULY 16, 2009

Posted in Banking, Business Services, REIT Tagged: AMB, BXP, CBG, DLR, JPM, LRY, OFC, PLD, SPG

Raising Cash at Corporate Office Properties (OFC)

247wallst — Tue, 23 Sep 2008 15:49:11 +0000

We have been highlighting how some of the commercial office and retail REITs are having a hard time as their need to raise cash comes at a high price. The current environment is driving up borrowing costs as their capital needs continue and tenants run into trouble. Corporate Office Properties Trust Inc. (NYSE: OFC) has just announced that it will sell 2,000,000 shares of common stock in a secondary offering. At today’s close of $40.02 that is barely $80 million. Its market cap is $1.91 billion. These shares do fall under an existing shelf registration.

But the size of the underwriting group looks massive for such a smalloffering. The joint book-runners are Raymond James and Banc of AmericaSecurities; J.P. Morgan Securities, Robert W. Baird & Co., RBCCapital Markets, and Stifel Nicolaus & Company are the seniorco-managers and co-managers are listed as BMO Capital Markets andMorgan Keegan.

Yep, eight underwriters for $80 million in proceeds. The underwritershave an option to sell up to 300,000 shares for 30-days to coverover-allotments. That is the size of an underwriting group you mightexpect if this was a $400 million offering in normal times. At leastthe REIT might be buying off any of the analyst downgrades from thesefirms for a few weeks.

Corporate Office plans to use the proceedsto fund development costs and other investing activities, and forgeneral corporate purposes. It will initially use the funds to repay amounts outstanding under its unsecured revolving credit facility.

Shares closed up 1.5% today at $40.02 and ts 52-week trading range is$25.43 to $45.39. Shares are down 2.5% after the close at $38.99 basedupon the sale.

As we pointed out yesterday… "Can Office & Retail REITs Stave Off The Economy? (GGP, KRC, DDR, SLG)"

Jon C. Ogg
September 23, 2008

Posted in REIT, Secondary Offering Tagged: OFC

52-Week Low Club (December 28, 2007)

247wallst — Fri, 28 Dec 2007 15:01:00 +0000

Some of these stocks hit 52-week lows and recovered off of lows so they won’t have a low close. But these did all touch or breach the 52-week lows. At the end we also broke out retail stocks, financial stocks, airlines & transports, and hotels. A separate report could have been compiled for REIT’s as well, but many of those were left off because of room or volume. There were enough 52-week lows today that you might even wonder if there had been a mini-crash in the markets. Here are the 52-week lows for December 28, 2007:

Advanced Micro Devices (NYSE: AMD)… imagine if the company got Hector Ruiz to leave.
American Greetings (NYSE: AM)…again.
AstraZeneca (NYSE:AZN)… new entrant.
Carmike Cinemas (NASDAQ:CKEC)
ChipMOS (NASDAQ:IMOS)
Corp. Office Property (NYSE: OFC)
Cryptologic (NASDAQ: CRYP)
Diebold (NYSE:DBD)
Fortune Brands (NYSE:FO)
Group 1 Auto (NYSE: GPI)
Infinera Corp. (NASDAQ: INFN)
Introgen (NASDAQ:INGN)
Japan Smaller Cap Fund (NYSE: JOF)
Lamar Advertising (NASDAQ: LAMR)
Legget & Platt (NYSE: LEG)
Martha Stewart (NYSE: MSO)
Marvell Tech (NASDAQ:MRVL)
Mattel (NYSE:MAT)
McClatchy (NYSE:MNI)
Micron Tech (NYSE:MU)
NGAS Resources (NASDAQ:NGAS)
Nortel Networks (NYSE:NT)
Owens Corning (NYSE:OC)
Omnicare (NYSE:OCR)
Prestige Brand (NYSE: PBH)
PC-Tel (NASDAQ:PCTI)
Ruth’s Chris (NASDAQ:RUTH)
SanDisk (NASDAQ: SNDK)
Theravance (NASDAQ:THRX)
Tractor Supply (NASDAQ:TSCO)
Wendy’s (NYSE: WEN)
World Fuel Services (NYSE:INT)
U-Store-It (NYSE:YSI)

Retail Stocks on 52-week lows: Ann Taylor (NYSE:ANN), Big Lots (NYSE:BIG), Borders Group (NYSE:BGP), Bon Ton Stores (NASDAQ:BONT), Chico’s FAS (NYSE:CHS), Finish Line (NASDAQ:FINL), Liz Claiborne (NYSE: LIZ), Macy’s (NYSE: M), Office Max (NYSE:OMX), Petsmart (NASDAQ:PETM), Stage Stores (NYSE:SSI)

Financial stocks on 52-week lows: Bear Stearns (NYSE: BSC), Citigroup (NYSE:C), Canseco (NYSE: CNO), Discover Financial (NYSE: DFS), Fifth Third Bancorp (NASDAQ:FITB), Fortress Investment (NYSE: FIG), MBIA Inc. (NYSE: MBI), Washington Mutual (NYSE:WM)… urgh! When does it stop?

Airlines/Transports on 52-week lows: Airtran Holdings (NYSE: AAI)…again. Did they launch a Friends Die Free rewards plan? Continental Airlines (NYSE:CAL), Fedex (NYSE:FDX), Mesa Air (NASDAQ:MESA), Northwest Airlines (NYSE: NWA)… near $100 oil is a real pain.

Hotels Hitting 52-week lows: Host Hotels (NYSE: HST), Lasalle Hotel (NYSE: LHO), Starwood Hotels (NYSE:HOT), Sunstone Hotel (NYSE: SHO), Wydham Worldwide (NYSE:WYN). Maybe these all wish they could get the private equity buyers back in the sector. If only they could still borrow.

These CEO’s new year’s resolutions are all the same: "In 2008 I want to keep my stock off the 52-week low lists."

Jon C. Ogg
December 28, 2007