The 52-Week Low Club
Doral Financial (DRL) Bear Stearns buying 90% of firm. Doral will use the proceeds, together with other transactions, to repay at maturity its $625 million floating rate senior notes due July 20 and to pay for a class action shareholder…
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Doral Financial (DRL) Bear Stearns buying 90% of firm. Doral will use the proceeds, together with other transactions, to repay at maturity its $625 million floating rate senior notes due July 20 and to pay for a class action shareholder lawsuit settlement. Stock down to $.91 from 52-week high of $7.83.
Newmont Mining (NEM) Moody’s gives it a downgrade to negative from stable, citing higher operating costs and significant capital expenditures. Shares fall to $38.85 from 52-week high of $56.50.
Worldgate Communications (WGAT) Provider of personal video phones had a bad first quarter, and does not have a ton of cash left. Shares fall to $.45 from 52-week high of $2.16.
Opnext (OPXT) Company invovled in the design and manufacturing of optical modules and components has good quarter but bad guidance. Recent IPO down to $11.20 from high of $19.95.
Source Interlink (SORC) Market still unhappy about magazine, CD and DVD distributor buying part of Primedia magazine operations. Down to $5.49 from 52-week high of $12.89.
Douglas A. McIntyre
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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.