5 of Last Week's Biggest Losers
There's never a shortage of losers in the stock market.
Let's take a closer look at five of this past week's biggest sinkers.
|May 4||Weekly Loss||My Watchlist|
|Body Central (NAS: BODY)||$14.88||(52%)||Add|
|Green Mountain Coffee (NAS: GMCR)||$25.10||(48%)||Add|
|Savient Pharmaceuticals (NAS: SVNT)||$1.62||(32%)||Add|
|Radian Group (NYS: RDN)||$2.48||(24%)||Add|
|Office Depot (NYS: ODP)||$2.45||(23%)||Add|
Body Central was last week's biggest loser, shedding more than half of its value after the retailer offered up a gloomy near-term outlook. The company sees comps falling 5% to 7% during the current quarter. Guidance calling for a quarterly profit of no more than $0.28 a share on $80 million to $82 million in revenue is well short of where the pros are perched.
Green Mountain Coffee Roasters was another big sinker, as the company behind the Keurig single-serve java brewing ecosystem fell short of its initial sales forecast for the quarter ending in March. Green Mountain also lowered its top- and bottom-line outlook for the balance of fiscal 2012.
Savient Pharmaceuticals was prescribing pain after its biggest creditor called it out. The gout treatment maker was accused of being insolvent by Tang Capital Partners.
Radian Group tumbled after posting a much wider quarterly deficit than the market was expecting. The mortgage insurer has now lost money in back-to-back quarters.
Finally, we have Office Depot. The office supplies retailer may have nailed Wall Street's quarterly profit target, but investors were concerned about the company's declining sales. If this is an economic recovery, shouldn't companies be spending more on office supplies? If they are, it's not happening at Office Depot.
Ready for a bounce
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At the time this article was published Motley Fool newsletter services have recommended buying shares of Green Mountain Coffee Roasters. Motley Fool newsletter services have recommended creating a lurking gator position in Green Mountain Coffee Roasters. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story, except for Green Mountain. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.