Blackstone (BX) Leads The 52-Week Low Club
Blackstone (BX) Investors still worry about slowing private equity and tax issues. Shares fall to $28.75 from post-IPO high of $38.
American Home Mtg (AHM) Forecasts second quarter loss on delinquent mortagages. Also downgrade by Friedman Billings Ramsey. Drops to $17.40 from 52-week high of $36.40.
Beazer Homes (BZH) More fall-out in home building markets. Drops to $24.02 from 52-week high of $48.50.
Lennar (LEN) Another home builder. Down to $36.37 from 52-week high of $56.54.
Office Depot (ODP) Projects Q2 earnings decline and falling same-store sales. Drops to $30.10 from 52-week high of $44.69.
Circuit City Stores (CC) Continuing concerns about slow sales at electronics firm. Down to $15.04 from 52-week high of $29.31.
Wachovia (WB) One of nation’s largest banks, research firm Punk, Ziegel & Co says that “The poor performance is not due to poor performance by the company. It is due to the poor positioning of the stock by management.” Interesting theory. Shares down to $50.84 from 52-week high of $58.80.
Peregrine Pharmaceuticals (PPHM) Company to sell $22.5 million worth of shares. Drops to $.72 from 52-week high of $1.49.
Spreadtrum Communications (SPRD) Chinese designer and marketer of semiconductor for mobile phones just had IPO. Down to $14 from $17.
Panacos Pharmaceuticals (PANC) HIV drug research firms raises $20 million in debt. Shares down to $3.11 from 52-week high of $7.23.
The Finish Line (FINL) Athletic shoe retailer says same-store sales look bad. Drops to $8.98 from 52-week high of $14.97.
Douglas A. McIntyre