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Investing

The 52-Week Low Club

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By Douglas A. McIntyre Published
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The Bombay Company (BBA) Company has a "going concern" letter from its auditors. Also losing money and has hired an outside adviser to help with "liquidity" issues. Down 25% today to $.54. From a 52-week high of $2.94. Home furnishing business must be tough.

Haverty Furniture (HVT) Not to be outdone by Bombay, company has a bad quarter. Stock falls to $12.13 from 52-week high of $17.15.

US Air (LCC) At least it is not a furniture company. High oil prices. Difficulty raising fares. Flat April traffic. Stock down to $34.85 from 52-week high of $63.27.

Spatialight (HDTV) Hit by a steam roller. The company manufactures and sells high-resolution liquid crystal on silicon microdisplays. Just raised money. "Going concern" letter from auditors. Nasdaq delisting notice. A trifecta. Down to $.22 from 52-week high of $3.59.

JDS Uniphase. (JDSU) Poor quarter. Optical equipment company can’t do well, even in a good environment. Down to $13.73 from 52-week high of $27.92.

Douglas A. McIntyre

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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