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
TheStreet Open House

Stocks Facing Delisting Deadlines

Stocks in this article: IMOSCOSIXOMAFOODVTROZANE

NEW YORK ( TheStreet) -- Sirius XM (SIRI) isn't alone in staring down a March 15 delisting deadline.

Sirius XM, like several other companies, has until Monday to satisfy a Nasdaq listing rule that requires a stock to maintain a minimum bid price of $1. With time running out, investors in these companies are left wondering what the future will look like for their penny stock picks. In addition to Sirius XM, the following 10 stocks, ranked by revenue over the trailing 12 months, are on the Nasdaq's list of deficient companies as of March 9 and are in danger of being delisted.

ChipMOS

Closing price: 73 cents (March 11)

Revenue: $364.3 million (trailing 12 months)

Received Nasdaq notice: Sept. 16, 2009

Management's expected action: On Feb. 8, ChipMOS (IMOS) said it submitted an application to transfer its listing to the Nasdaq Capital Market from the Nasdaq Global Select Market. "If the transfer listing application for listing its securities on the Nasdaq Capital Market is approved, Nasdaq will notify the company that it has been granted an additional 180 calendar day compliance period, commencing on March 16, 2010," ChipMos said.

TSC Ratings call: Sell. Its third-quarter loss widened to $32 million, or 41 cents, from $18 million, or 22 cents, a year earlier. Revenue declined 4.9% to $105 million. The operating margin delved deeper into negative territory, hitting -31%. ChipMOS holds $154 million of cash and $551 million of debt. Its stock tripled in the past year, hitting a high of 99 cents. It currently trades at 72 cents. Shares are cheap based on book value and sales.

1 of 10

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs