Eagle & Beagle: Graymark Health Care, Blueknight Energy Partners

A weekly look at the high- and low-performing stocks.
By Don Mecoy Published: October 31, 2010
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Eagle

Our eagle is a repeat this week, and I'll repeat a word I dropped in last week's column: trend.

Shares of Graymark Health Care jumped 14.6 percent last week, adding to a 9.2 percent gain the previous week.

The total gain amounts to just 30 cents for this stock, which closed Friday at $1.49, and trading volume remains weak.

The Oklahoma City company's most recent news was good, as it completed the sale of its pharmacy business, ApothecaryRx, to Walgreen Co. in a deal valued north of $30 million.

Back-to-back eagles is a nice accomplishment, in golf and in this column.

Beagle

We'll go off the Big Board for this week's beagle.

Blueknight Energy Partners, formerly known as SemGroup Energy Partners, announced a deal this week that cut the company's debt, freed up cash and lowered interest payments.

But traders may have focused on another aspect of the deal, in which a private equity firm bought a half-interest in the business' general partner control.

The deal involved several future accommodations for the investor, and investors may be wondering if those future items might dilute their interests.

BKEP, which trades on the over-the-counter market, lost nearly 20 percent last week, closing after a particularly bad Friday at $7.10.

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


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