YRC Worldwide is among a handful of companies to receive a warning from the Nasdaq in March for violating the minimum bid rule. The Dollar Store looks at the top 10 stocks, ranked by 12-month trailing revenue, that need to regain compliance in the next few months.
LookSmart ( LOOK) Closing price: $1 (April 7) Revenue: $51.8 million (trailing 12 months) Received Nasdaq notice: March 9, 2010 Management's expected action: LookSmart said it is considering its options in order to comply with the minimum bid price rule within the 180-day grace period. On March 18, the company reported a fourth-quarter net loss of $935,000, or 5 cents a share as revenue fell to $12.8 million from $14.9 million in the year-ago quarter. LookSmart also said it terminated a lease agreement with Cisco Systems ( CSCO) at no cost to the company.