Sirius (SIRI) hit a 52-week low of $3.38 down from its 12-month high of $5.57. Doubts about its business model and it merger with XM (XMSR) are both in doubt.
A few weeks ago, finding members for the 52-week low club was tough going.
Now, companies in the sub-prime mortgage business could be a list of their own.
New Century (NEW), a lender in some real trouble hit $4.42. The 52 week high for the stock is $51.97.
In a similar sub-prime boat is Novastar (NFI) at $5.98 down from its high for the 12-month period of $23.98. The carnage continues with Impac Mortgage (IMH) at $4.14 against a 52-week high of $11.74, Doral Financial (DRL) at $1.58 down from $11.79, and IndyMac (NDE), a mortgage lender with a stock down from $50.50 to $28.97.
Worldgate (WGAT) which makes video phones hit $.84 down from its 52-week high of $2.20.
Capstone Turbine (CPST) has a sequential revenue drop in its most recent quarter. The company’s Interim Chief Accounting Officer left. The shares are now at $.79 down from their one-year high of $4.47.
And, Stone Energy (SGY), an oil and gas company, recently had a big loss on a write down in its last reported quarter. The shares closed at $27.54, down from the twelve month high of $51.50.
The End
Douglas A. McIntyre
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