Eagle & Beagle for Dec. 8, 2013

Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma's high-performing (eagle) and low-performing (beagle) stocks.
by Don Mecoy Published: December 7, 2013
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EAGLES & BEAGLES

Eagle

In our one-week mirror, changes may be smaller than they appear.

This week's eagle posted a solid 8.3 percent gain over the past five trading days. However, because shares of Educational Development Corp. are inexpensive, the jump represented just a 25-cent gain.

And nearly all of that gain came in a handful of EDUC trades executed in the waning minutes of Friday's trading representing just a few thousand shares. The stock closed at $3.30.

I point this out not to denigrate the Tulsa-based seller of children's books, which offers a solid product last time I checked, but to note that low-priced, thinly traded stocks can sometimes top our rankings based on not much of anything.

Beagle

This beagle is one perplexing pup.

Shares of Tulsa-based Apco Oil and Gas International Inc. fell 11.4 percent last week. The closely-held company, which explores in Argentina and Colombia, reported a $6 million loss in its most-recent quarterly report due to new tax legislation in Argentina. The firm also is dealing with a shortage of drilling equipment there.

Continue reading this story on the...

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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