Eagle & Beagle
This week's eagle is flush with its 7 percent gain last week.
Orchids Paper Products Co. produces tissue paper, napkins and paper towels for the private-label brands sold by several well-known discount store companies. The stock ticker, TIS, reflects the firm's interest in all things paper.
And the paper business, at least in Pryor, is good. The company on Wednesday reported that profits grew 41 percent in the third quarter over the year-ago period. In the first nine months of 2012, profits more than doubled when compared to the same period last year.
The company also earned a spot on Forbes' latest listing of “Top 100 Small Companies in America,” one of just two state companies to do so.
All in all, a ripping good week for our local paper producer.
We bid farewell to this week's beagle, which is leaving with its tail between its legs.
Shares of Oklahoma City-based Graymark Healthcare Inc. fell 21 percent last week.
I sometimes ignore Graymark in this column because its stock is so low-priced that tiny price changes produce huge percentage swings in its pricing. For instance, every week for the past several weeks, the stock has gained or lost 15 percent or more, but the stock on Friday closed about where it was a month ago — 41 cents.
Partly because of that low stock price, Graymark will leave the Nasdaq Stock Market this week. Nasdaq will delist the stock for failing to maintain minimum pricing requirements and for the company's inability to reach a minimum level of shareholders' equity.
The company, which operates sleep diagnosis centers, expects the shares will continue trading in the over-the-counter market. We wish them well, and hope someday GRMH returns to a major exchange.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.