The 52-Week Low Club: Merrill Lynch (MER)
October 24, 2007 by Douglas A. McIntyreAMBAC (ABK) Bond insurance company in a bad periiod for bonds.Earnings move to a loss. Drops to $49.05 from 52-week high of $96.01.
Merrill Lynch (MER) Pitiful earnings. Drops to $61.40 from 52-week high of $98.68.
Discover Financial Services (DFS) Second-rate credit card company. Downgraded by Lehman. Falls to $17.79 from 52-week high of $32.17.
Freddie Mac (FRE) Mortgages, plain and simple. Down to $49.47 from 52-week high of $71.92.
Inphonic (INPC) Still trying to find a buyer in troubled times. Down to $.33 from 52-week high of $14.49.
Douglas A. McIntyre
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