This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Stocks Hit 52-Week Lows: BBY, JRCC, FSLR, NFX, SWN, XCO

NEW YORK ( TheStreet) -- The following stocks hit 52-week lows on Monday: Best Buy (BBY - Get Report), First Solar (FSLR - Get Report), James River Coal (JRCC), Newfield Exploration (NFX - Get Report), Southwestern Energy (SWN - Get Report) and EXCO Resources (XCO).

Best Buy

"Our LBO model shows that on a paper a deal is feasible at a price in the high $30 range, but, for the reasons listed below, we think a deal is unlikely: 1) Market share losses and increased competition would make it difficult for a buyer to stabilize comps and margins. Comps have fallen 2 years in a row and margins fell 50 bps last year. 2) The chairman Richard Schulze owns just under 20% and may be an unlikely seller. 3) At a high $30 range, the deal would require nearly $11b in debt and $5b in equity, bigger than recent LBO's in the space, which would make it difficult," Deutsche Bank analysts wrote in an April 18 report.

Shares of Best Buy hit a 52-week low on Monday of $21.31. The stock's 52-week high of $32.85 was set on June 21.

Best Buy is trying to cut costs to the tune of $800 million by fiscal year 2015 through layoffs and store closures. The retailer announced earlier this month the location of 50 store closings.

The company's board is looking for a new CEO following Brian Dunn's resignation earlier this month due to "personal conduct" issues.

Best Buy trades at an estimated price-to-earnings ratio for next year of 5.78 times; the average for specialty retailers is 15.84. For comparison, GameStop (GME) has a higher forward P/E of 6.46.

Twenty of the 29 analysts who cover Best Buy rated it hold. Five analysts gave the stock a buy rating and four rated it sell.

TheStreet Ratings gives Best Buy a C grade and hold rating. The stock has fallen 6.68% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
JRCC $0.00 0.00%
BBY $31.50 0.00%
FSLR $51.78 0.00%
NFX $34.65 0.00%
SWN $11.71 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs