Small Cap Stock Report: Finisar Gains on Damages Award, Primedex to Buy Radiologix

by: Mick Weinstein

Excerpt from our One Page Annotated Wall Street Journal Summary (get it e-mailed to you every morning by signing up here):

SMALL STOCKS: Radiologix Soars 39% on Buyout, As WebMethods and Lesco Drop

  • Summary: Friday's employment report rattled smallcaps, as it raised concerns about their prospects in a slowing economy amidst higher inflation. webMethods (WEBM) fell 32% following its severe warning on F1Q earnings; Radiologix (RGX) rose 39% on its buyout from Primedex Heath Systems (OTC:PMDX). Primedex itself jumped 6.9% to $1.87. LaBranche (NYSE:LAB) fell 24% to $9.42 upon warning for the quarter; Lesco (LSCO) fell 36% on guiding to a loss for 2006; Fiber-optic networker Finisar (NASDAQ:FNSR) gained 5.6% upon announcement of additional damages it will receive from largecap DirecTV (NYSE:DTV) in its patent-infringment case in federal court; Horizon Health (HORC) dropped 32% on lowered guidance.
  • Comment on related stocks/ETFs: Andrew Schmitt wrote the best recent article we've seen on Finisar.