Eagle and Beagle: Sunday August 17, 2008
Eagle and Beagle: Sunday August 17, 2008
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Published: August 17, 2008
Eagle
Good news this week for our favorite state-based, publicly traded, corrosion-protection company.
Tulsa-based North American Galvanizing & Coatings busted out to a new 52-week high on Friday, closing at $11.11. That stock price kind of looks like a slot machine that should pay off, huh?
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Beagle
When a company issues a "going concern” statement, it's always bad news.
Here's what Oklahoma City-based Tronox Inc. said in its quarter earnings report filed Monday:
"If we were to continue to generate losses and negative cash flows, this would raise substantial doubt about our ability to continue as a going concern and we may need to seek alternative financing arrangements.”
Yikes. Here's how Tronox described its gross margin in the second quarter: "nil.”
In case you're not a soccer fan, "nil” means nothing. Tronox, one of the world's biggest producers of titanium dioxide, can't seem to catch a break this year.
TRX shares ended the week south of $1, dropping 21.8 percent to close at 97 cents.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.
Related Topics:
Business, Financial Markets, Company Activities and Information, Stock Performance, Earnings and Losses, Corporate Reporting, Earnings and Loss Announcements
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