52-Week Low Club (CCJ, CPN, CECE, CROX, GGP, TWB)
As the markets went back to triple-digit losses, there were many more new stocks (and repeat performers) on the 52-week low club today. Many of these look just like an explosion in a city at night. Not all of these…
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As the markets went back to triple-digit losses, there were many more new stocks (and repeat performers) on the 52-week low club today. Many of these look just like an explosion in a city at night. Not all of these closed on 52-week lows, but these did hit new intra-day lows of consequence:
Cameco (NYSE: CCJ)… Cigar Lake update showed more water entering the uranium mine hole.
Calpine (NYSE: CPN)… rose back above old $15.00 low, but shares down by one-third since July 1.
CECO Environmental Corp. (NASDAQ: CECE)… on added earnings concern; with a name like that you’d think they would do better as shares are down 70% from highs.
CROCS Inc. (NASDAQ: CROX)… barely a new low but still feels like a hammer on the toes.
General Growth Properties (NYSE: GGP), repeat performer, stock down over 50% from 2007 highs.
Tween Brands (NYSE: TWB)… bad earnings, bad name… pounced with 40% drop.
If you added in many of the European, Asian, and emerging market ADR’sor ETF/FUND categories this list could go on and on (and on…).
Jon C. Ogg
August 13, 2008
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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.
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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.
