7:53 AM
admin
It was another volatile one for investors. Among the 10 biggest losers this week were the country's largest digital video service provider, recent IPOs specializing in edgy headphones and online dating in China, and even a smartphone company with 70 million subscribers.
Recognize any stocks you own there?
AutoChinaled the way down, after the Chinese commercial vehicle sales, servicing, leasing, and support network received a troublesome NASDAQ notice. The exchange is moving to delist the company because it has failed to file its financials in a timely manner.
AutoChina promises to appeal the decision, but investors would just prefer if AutoChina got on the ball and actually met the exchange's compliance requirements.
A head-on collision between AutoChina and NASDAQ wasn't the only thing that went wrong this week. Let's take a look at 10 of this week's biggest disappointments.
Company | Sep. 9 | Sep. 16 | Weekly Loss |
AutoChina(AUTC) | $23.88 | $10.14 | (58%) |
Perfect World(PWRD) | $18.76 | $14.30 | (24%) |
Netflix(NFLX) | $203.97 | $156.16 | (24%) |
Research in Motion(RIMM) | $29.68 | $23.60 | (19%) |
JA Solar(JASO) | $3.34 | $2.29 | (18%) |
Silvercorp(SVM) | $8.43 | $8.43 | (17%) |
Jinko Solar(JKS) | $10.59 | $9.20 | (15%) |
Jiayuan.com(DATE) | $11.33 | $9.54 | (15%) |
Golden Star(GSS) | $2.55 | $2.29 | (11%) |
Skullcandy(SKUL) | $15.45 | $13.98 | (8%) |
What Happened?
Perfect Worldslipped after lowering its guidance for the current quarter. The online gaming company in China is slowing in-game promotional activity, presumably to extend the life cycle of its products. The end result is that Perfect World is targeting a sequential dip in revenue.
Netflixturned into a horror flick after lowering its domestic subscriber guidance. It now sees just 24 million stateside accounts on its rolls by the end of this month, short of the 25 million that it was originally targeting.
Research In Motionis coming to grips with its waning popularity. There may be 70 million BlackBerry subscribers out there, but its latest quarter was the first time that it sold fewer smartphones than the year before. It also didn't help that Thursday night's report found the BlackBerry picker posting sharper declines in revenue and adjusted earnings than Wall Street was expecting.
Silvercorpstumbled after a second online report surfaced, accusing the silver miner of misrepresenting the productivity and profitability of its Ying Mining Camp mine in China. The Vancouver-based company is disputing the claims, putting its money where its mouth is by buying back shares later in the week.
Jiayuanis China's largest online dating website. There was no Jiayuan-specific news, but dot-com mogulIAC(IACI) acquired a 20% stake in Jiayuan rival Zhenai. The investment should put more financial muscle -- and global clout -- in Zhenai.
Golden Starlost its shine after lowering its production expectations for two of its mines. It now sees its Bogoso/Prestea Mine producing 39,000 ounces of gold and its Wassa Mine cranking out 35,000 ounces. Previous estimates were 43,000 ounces at Bogoso/Prestea and 40,000 at Wassa. Wassa matter, Wassa?
Skullcandyhit a new all-time low on Thursday, though that's not saying much since the company just went public two months ago. The maker of edgy audio headphones went public at $20 a share in July. I guess you can call the last two months a gradual fade out.
Cheer Up
If you own one or more of these stocks, my condolences. Some of these companies should bounce back. If you were looking to buy into any of these stocks, the fundamentals behind the sharp declines will likely temper your enthusiasm -- but congratulations on the opportunity to get in at a more attractive price.
Hold your head up either way. The new trading week awaits at the other end of the weekend.
Longtime Motley Fool contributor Rick Munarriz does not own shares in any of the stocks in this article, except for Netflix. The Motley Fool owns shares of Research In Motion and Jiayuan.com International. Motley Fool newsletter services have recommended buying shares of Jiayuan.com International and Netflix. Motley Fool newsletter services have recommended buying puts in Netflix.
source: /srph.it/pbhaQb
please give me comments thanks
Posted in: 
0 comments:
Post a Comment