11 Unlikely Microcaps

Each of these companies recently sported a multi-billion dollar capitalization, but now is a microcap (market cap < $250M). All figures below courtesy of Yahoo! Finance and Yahoo! Stock Screener:

1. RH Donnelly (NYSE:RHD)

Market Cap: $23.4M

% off 52-week high: 99%

Employees: 4,700

Description: RH Donnelly is one of the nation’s largest providers of telephone directories and online yellow pages directories.

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2. E.W. Scripps Class A (NYSE:SSP)

Market Cap: $99.62M

% off 52-week high: 98.75%

Employees: 8,500

Description:EW Scripps operates several newspapers, cable networks including HGTV and the Food Network, and online properties like BizRate.com.

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3. Abitibi Bowater (NYSE:ABH)

Market Cap: $24.19M

% off 52-week high: 98.39%

Employees: 15,600

Description:Abitibi Bowater is a global producer of newsprint, pulp and paper products.

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4. Qimonda AG ADS (NYSE:QI)

Market Cap: $46.85M

% off 52-week high: 98.33%

Employees: 12,806

Description: Qimonda is one of the world’s largest producers of semiconductor memory chips (DRAMs, etc.).

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5. Fleetwood Enterprises (NYSE:FLE)

Market Cap.: $9.92M

% off 52-week high: 98.1%

Description: Fleetwood Enterprises is a leading manufacturer of recreational vehicles and manufactured housing.

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6. Nortel Networks (NYSE:NT)

Market Cap: $199.0M

% off 52-week high: 97.52%

Employees: 32,550

Description: Nortel provides networking solutions to both enterprises and communications providers.

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7. Crocs, Inc. (Nasdaq:CROX)

Market Cap: $126.2M

% off 52-week high: 96.42%

Employees: 5,300

Description: Crocs manufactures and sells comfortable-but-ugly casual footwear.

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8. Dollar Thrifty Automotive Group (NYSE:DTG)

Market Cap: $24.2M

% off 52-week high: 95.86%

Employees: 8,500

Description: Dollar Thrifty operates some of the nation’s largest car rental operations.

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9. Lear Corp. (NYSE:LEA)

Market Cap: $145.0M

% off 52-week high: 94.56%

Employees: 91,455

Description: Lear is a major supplier of seats and other products to automotive manufacturers.

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10. Crosstex Energy (Nasdaq:XTXI)

Market Cap.: $106.1M

% off 52-week high: 94.05%

Employees: 700

Description: Crosstex operates over 5,000 miles of natural gas pipelines and several processing facilities.

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11. First Marblehead (NYSE:FMD)

Market Cap: $122.9M

% off 52-week high: 93.78%

Employees: 241

Description: First Marblehead is one of the largest private providers of student loans.

DISCLOSURE: No positions.

Comments

[CLH:]

A lot of dead cat bonces? Its true that those stocks down the most will go up the most. However, I would want a better reason for buying.

2008 Dec 14 01:41 PM

[kurt walter:]

Nortel did a 1 for 10 reverse split in December 2006.

2008 Dec 14 05:57 PM