July 26, 2010 52-Week Low Wrap-Up: BancorpSouth and Harbinger

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Jul 27, 2010
Today, 14 companies' share price reached a new 52-week low. Of these companies, these are the ones that look interesting based on my initial research:


BancorpSouth (BXS, Financial)


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


Harbinger (HRG, Financial)


Harbinger Group Inc. is a holding company. The Company owns approximately 98% of Zap.Com Corporation . On July 9, 2009, Harbinger Capital Partners Master Fund I, Ltd. , Global Opportunities Breakaway Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. purchased 9,937,962 shares of its common stock. As a result, the company is controlled by Phillip Falcone, the founder of Harbinger Capital Partners and has a market cap of $125 compared with equity of $143.3