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Investing

The 52-Week Low Club

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By Douglas A. McIntyre Published
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Capital Bancorp (CBC) Capitol Bancorp Ltd., a community bank holding company, on Friday said its first-quarter profit fell 37 percent as a sagging economy in Michigan and elsewhere necessitated a more than 60 percent increase in its provision for loan losses, and interest expense grew. Enough said. Stock down to $29.05 from 52-week high of $47.49.

Sirius Satellite Radio (SIRI) Blood in the streets over concerns about XM (XMSR) merger and earnings. Down to $2.78 from 52-week high of $5.12.

All American Semi (SEMI) Nice ticker symbol. Reuters says that the company which distributes semiconductors and electronic components, said its lenders have agreed to extend the forbearance on its debt until April 24. Also facing delisting. Down to $.53 from 52-week high of $5.40.

Mesa Air (MESA) Airline stocks took a hit from Goldman today, and oil prices moved up. Shares down to $7.06 from 52-week high of $10.62.

Independent Bank (IBCP) Another Michigan bank hit by bad economy. Shares down to $16.12 from 52-week high of $27.02.

Douglas A. McIntyre

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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