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Crappy Stock: AVEO Pharmaceuticals (AVEO)

AVEO Pharmaceuticals (AVEO) shares got smoked today, losing nearly 50% on news that their advanced kidney cancer drug will likely not be approved. An FDA panel voted 13-1 against recommending approval of their drug, tivozanib, arguing that the benefits of the once-a-day pill do not justify the risks to patients. The final decision on the drug will be made by the FDA before July 28.… Read the rest

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Crappy Stock: Regal Beloit Corporation (RBC)

Shares of electrical equipment maker, Regal Beloit Corporation (RBC), were down nearly 20% today to $63.09 per share on weaker-than-expected earnings and poor guidance. First quarter revenues came in at $1.08/share, missing the estimate by .08/share. Revenue dropped significantly year-over-year, from $805.34 million to $778.2 million. Sales in the North American commercial and industrial motors segment declined 6.7% from last year, while international … Read the rest

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AFFY: The Worst Performing Stock of the Year

Of the 4,752 stocks trading on major US exchanges, Affymax, ticker symbol AFFY, is the worst performing stock of 2013 thus far. The stock is down more than 95% in 2013 amid an FDA recall of its anemia drug, Omontys, and speculation of possible bankruptcy. To see the other 49 worst stocks of the year, click here.… Read the rest

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LNKD: About to Turn to Crap?

April 26, 2013

It’s been a great ride if you are long LinkedIn (LNKD), but that ride may come to a screeching halt on May 2nd, when the company announces earnings for the fiscal period ending March 2013. At a current share price of 187.76, LinkedIn stock is up a whopping 63.5% in 2013, sporting a 52-week range of 88.00-191.78. I’ll just come out and … Read the rest

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Crappy Stock: JAXB

Jacksonville Bankcorp (JAXB) plunged more than 42% on Tuesday after it was disclosed in a prospectus that the company will sell 52,360,000 shares of nonvoting common stock and 100,000,000 shares of common stock. You can read about all the greatness here. The stock lost $43.05M as of the 12/2012 filing, good for an EPS loss of -7.31 and hasn’t been profitable since … Read the rest

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Crappy Stock: UNTK

On a terrible day for stocks, UniTek Global Services (UNTK) stood out as the crappiest stock in all the land. The stock dropped 49.50% to $1.52 on the realization that several of its employees and top executives of its Pinnacle Wireless unit had engaged in fraudulent accounting activities, resulting in the need to restate financial results from October 2011 through September 2012. As a result, … Read the rest

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