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August 30, 2010 52-Week Low Wrap-Up: BAC,CORE,DVR,IRM,JMP

Patrick Goldin

Patrick Goldin

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Yesterday, 85 companies' share price reached a new 52-week low. Of these companies, these are the ones that may present an opportunity at the current price:

Bank of America (BAC)

Bank of America is the nation's largest consumer and small-business bank. The bank has offices in 32 states, Washington, D.C., and more than 30 countries. Along with its complete product offerings for the retail client, B of A also has a sizable middle-market and large corporate lending business, asset-management unit, and investment banking business.

Core-Mark (CORE)

Core-Mark Holdings provides sales, distribution, and logistics services to the convenience retail industry. These customers include grocery stores, liquor stores, drug stores, and convenience stores. Its core business is in distribution, where they deliver over 42,000 stock-keeping units. The company mainly distributes cigarettes, candy, grocery products, and nonalcoholic beverages. The firm operates distribution channels in all 50 States and a few Canadian provinces.

Dolan (DM)

Dolan is a business services company with two main segments. The business information enterprise owns 64 print and 104 websites in 21 markets. The professional services division comprises three businesses: NDeX, DiscoverReady and Counsel Press. NDeX processes residential mortgage default filings, while DiscoverReady and Counsel Press offer litigation support services.

Cal Dive (DVR)

Cal Dive is a marine contractor company, provides underwater services to offshore natural gas and oil firms. These services include manned diving, pipe lay and pipe burial services. It also constructs, inspects, maintains, repairs and decommissions offshore pipeline infrastructure in the Gulf of Mexico, Middle East, Southeast Asia, and Australia.

Charles Schwab (SCHW)



Charles Schwab Corporation is a financial services company that offers retail brokerage and banking services through its investor services segment and independent advisor, retirement plan, and other corporate services through its institutional services segment. Its primary subsidiaries are securities broker-dealer Charles Schwab & Co., Charles Schwab bank, and investment advisor Charles Schwab Investment Management.

Iron Mountain (IRM)

Iron Mountain is the dominant player within the document management industry. The firm services over 120,000 customers worldwide though a network of 3,500 vehicles and 1,200 facilities. The firm's core physical document management service line comprises approximately 95% of the firm's revenue, and the balance is derived from the firm's newer electronic/digital business line.

JMP Group (JMP)

JMP Group is an investment bank that focuses its investment banking and equity research services on small- and middle-market firms in six industries: business services, consumer, financial services, health care, real estate, and technology. JMP provides capital raising, financial advisory, sales & trading, and equity research services. JMP also manages more than $500 million of assets through its hedge funds and CLO entity.

Pacific Continental (PCBK)

Pacific Continental is the holding company for Pacific Continental Bank, which operates 14 banking offices and two loan-originating centers in Oregon and southwestern Washington. The bank attracts deposits by offering individuals and small businesses standard retail banking products like savings, checking, and money market accounts; CDs; and retirement planning products. Its lending portfolio primarily focuses on originating commercial and residential real estate loans, but the bank also originates construction and small business association (SBA) loans.

Staples (SPLS)

Staples is the world's leading office products company with $24 billion in sales and over 2,000 stores in 25 countries. The company's three segments allow it to serve individual consumers, Fortune 1,000 companies, and every customer category in between, worldwide. Staples' growing e-commerce business has garnered it the number-two spot in online retailers, behind Amazon.

Disclosure: The author has a position in DVR.

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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