EAGLES & BEAGLES
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.
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.
APAGF shares have been slammed before due to political issues in that country.
So the latest decline is not a huge surprise. But it also comes in the same week that a South American analyst said the stock is underpriced by some 40 percent based on his evaluation of the company's assets, although he concedes the company faces a variety of challenges.
Potential investors should don their due diligence caps for this one.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.