Eagle & Beagle

Don Mecoy: Eagle & Beagle for Sunday, July 7, 2013.
by Don Mecoy Published: July 7, 2013
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I always regret missing a weekly Eagle and Beagle column whenever I'm on vacation as I was last week, although I must admit it doesn't bother me enough to prevent me from taking vacations.

I also should note that the phones didn't exactly ring off the hook last week when this column failed to appear.

On the upside, examining a two-week period upon my return generally provides some interesting insight.

For example:

Eagle

This week, our top-performing state-based stock over the past two weeks was PostRock Energy, which posted a 20 percent gain over the period to close at $1.62.

The Oklahoma City energy firm has shut down its at-the-market issuance program that produced sales of about 3 million shares that generated proceeds of $4.7 million over the past year.

PSTR said ending the program would allow the stock “time to begin to reflect the progress the Company believes it has made in the last 12 months.”

So far, so good.

Beagle

Our two-week beagle was Education Development Corp., a Tulsa-based marketer of children's books through home sales, retailers and the Internet.

EDUC shares slipped 6.8 percent over the nine-day trading period, which included a short trading day on July 3 and the July Fourth holiday when markets were closed. It closed Friday at $3.16.

That current price is not much higher than its 52-week low of $3.03. To be fair, it's not all that far from the 52-week high of $4.25 either.

While the current dividend provides a healthy yield, I suspect long-term shareholders would like to see the stock move beyond its current narrow trading range.

Of course, that would include CEO Randall White, who owns nearly 20 percent of the outstanding stock.


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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