Wednesday's Small-Cap Winners & Losers
08/01/07 - 03:54 PM EDT
Sarina Penn
On the other hand, Beazer Homes USA (BZH Quote - Cramer on BZH - Stock Picks) dropped precipitously on rumors of a forthcoming bankruptcy filing, which the Atlanta-based homebuilder today called "scurrilous and unfounded." Shares fell as much as 38% today before hoisting themselves up to trade less deeply in the red. Lately they were down 18% at $11.47.
Houston Wire & Cable (HWCC Quote - Cramer on HWCC - Stock Picks), a wire- and cable-products distributor, plunged 25.4% on sliding second-quarter per-share income of 40 cents that came in 4 cents short of consensus. Overall earnings edged up slightly to $8.4 million, and the company also declared its first-ever quarterly dividend; still, shares were down $6.55 to $19.22. Finally, Netlist (NLST Quote - Cramer on NLST - Stock Picks) lost 15.7% to $2.10 after the Irvine, Calif., memory-chipmaker said chief financial officer Lee Kim will depart effective Aug. 14. Finance V.P. Gail Itow and CEO Chuck Hong will share his duties until a permanent replacement is found. More broadly, the Russell 2000 and the S&P SmallCap 600 were respectively losing 1.2% and 1.1%.
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