Eagle & Beagle for Sunday, July 28, 2013

Don Mecoy: A weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.
by Don Mecoy Published: July 28, 2013

Beagle

Last week's worst-performing local stock also has been making some news.

Tulsa-based Syntroleum, which produces synthetics fuels, on July 17 said it was “evaluating strategic alternatives” to enhance shareholder value, but then declined to discuss what those alternative might be.

Wall Street hates a mystery.

The price of SYNM shares dived, and finished last week with a 14.4 percent loss, closing at $6.40.

On Friday, Syntroleum disclosed that it was considering offers to buy the company, its assets and/or its intellectual property. That produced a small rally, but couldn't erase the preceding plunge.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.


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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