52-Week Low Club (CC, DBD, FIC, GTOP, IMB, MSSR, RECN, MU, RT, STI)

Some of these recovered off lows but here are some of the more active stocks that hit 52-week lows today:

• Circuit City (NYSE: CC)… after posting wider losses and then forecasting a loss next quarter.  Even losers like them, how does a retailer lose money over Christmas????
• Diebold (NYSE: DBD) hit a new 52-week low on a "continuing dialog" with Office of The Chief Accountant and a D.O.J. investigation into related matters.
• Fair Isaac (NYSE: FIC) people keep asking us if FIC is the next implosion in being tied to system-wide credit woes.
• Genitope (NASDAQ:GTOP) hit the FUBAR button after failing to meet endpoints in PHASE III.  With no revenues it’s close to biotech zombie status.
• IndyMac Bancorp (NYSE:IMB) recovered but its subprime woes remain.
• McCormick & Schmicks (NASDAQ:MSSR)… steakhouse sales soft in weak consumer economy.  Don’t you think the private equity firms wish they could sell those steakhouses back now????
• Resource Connection (NASDAQ:RECN)… too few resources?  Nope, it gave employees an extra week off of paid vacation.  Those employees are some lucky SOB’s for that, but shareholders "NOT SO MUCH!!!"
• Micron Tech (NYSE: MU) after a piss poor earnings report.  Trivia Question: Is there a worse technology business than DRAM?  It’s just like trading a commodity except the prices never seem to go up!
• Ruby Tuesday (NYSE:RT) after a downgrade and an earnings warning, mid-level restaurant spending is weak and they don’t offer very much special.
• SunTrust (NYSE:STI) weak again.  Maybe Buffett wishes he stayed away.

Jon C. Ogg
December 21, 2007

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