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August 2, 2010 52-Week Low Wrap-Up

August 02, 2010 | About:
Patrick Goldin

Patrick Goldin

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Today, 15 companies' share price reached a new 52-week low. Of these companies, none appear to present an opportunity at the current price. Of the companies whose share price reached a new 52-week low, the majority were either Chinese companies or companies that have uncertain future prospects, such as Telecommuncation Systems (TSYS), which only recently became profitable. I do not have any confidence in my ability to predict whether or not the company will remain profitable. As a result, I will pass on this company.

Disclosure: No position in TSYS

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

Rating: 3.0/5 (1 vote)

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Hester1
Hester1 - 3 years ago
Is this really an article?

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