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July 23, 2010 52-Week Low Wrap-Up: Beckman Coulter, BancorpSouth, Firstbank, Western Digital

July 23, 2010 | About:
Patrick Goldin

Patrick Goldin

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Today, 27 companies’ share price reached a new 52-week low. Of these companies, these are the ones that look interesting at the current price:

Beckman Coulter (BEC)

Beckman Coulter offers products covering the vast biomedical testing market. The company's clinical diagnostics segment contributes 80% of the firm's revenue, and consists of instruments, supplies, and test kits. Beckman also offers products from its life science segment, which includes products used in drug development and discovery. Beckman's installed base consists of more than 200,000 systems in laboratories worldwide.

BancorpSouth (BXS)

BancorpSouth is a regional bank based in Mississippi, with banking and insurance operations in eight different states through more than 300 branches. Nearly half of its deposits are in its home state, followed by Arkansas and Tennessee, with about 20% and 10%, respectively. The balance is divided between Louisiana, Texas, Alabama, Missouri, and Florida. Most of its loans (80%) are residential and commercial mortgages and 13% are commercial loans.

Firstbank (FBMI)

Firstbank is a bank holding company for five bank subsidiaries that conduct business in Michigan. Each subsidiary operates as a full-service community bank and they collectively operate approximately 40 branches. The branches offer traditional services including the acceptance of checking, savings and time deposits, and lending mortgage, commercial, home improvement, automobile, and other consumer loans. Firstbank subsidiary Gladwin Land provides real estate appraisal services. Other non-bank subsidiaries include an armored car company and a title insurance firm.

Western Digital (WDC)

Western Digital designs and manufactures computer disk drives used in personal computers, consumer electronics, branded external hard drives, and enterprise applications. Approximately 50% of fiscal 2010 sales have been to computer manufacturers, and 31% to distributors, with the remainder comprised of retail stores. Recently the company has been vying with Seagate for market share leadership, and each currently holds roughly 30% of the global disk drive market.

About the author:

Patrick Goldin
Patrick Goldin is the General Partner of the Alain Value Fund LP, a limited partnership exercising a value-focused and bottom-up securities approach. In addition to his duties as general partner, he is a student in high school. He can be reached at patrick.goldin@alainvaluefund.com

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