Flotek Industries Almost Joins the Other Stocks Under $1 (BBI, RHIE, FTK)

Stocks under $1 (one dollar)

Bargain shoppers are always searching for quality stocks under a buck that aren't just another Penny Stock and Flotek Industries, Inc. (NYSE:FTK) came within 2 cents of hitting $1 even on Friday.  Joining the ranks of PokerTek Inc. (NASDAQ:PTEK) and Blockbuster Inc. (NYSE:BBI) now trading under one dollar.

Stocks Under $1: Blockbuster, RHI Entertainment, PokerTek (BBI, PTEK, RHIE)

U.S. Dollar - Weak Dollar

What do RHI Entertainment (NASDAQ:RHIE), PokerTek Inc. (NASDAQ:PTEK) and Blockbuster Inc. (NYSE:BBI) have in common?  All three companies' shares are now trading under $1, in fact they are in the 70 Cent range.  Are these stocks just waiting to become Penny Stocks or is there any hope for a major comeback?

Friday's NASDAQ Losers: RHI Entertainment, Leap Wireless and WesBanco

52-Week Lows

The NASDAQ had another great week but these stocks finished Friday at a new 52-week low: WesBanco, Inc. (NASDAQ:WSBC), Leap Wireless International, Inc. (NASDAQ:LEAP) and RHI Entertainment, Inc. (NASDAQ:RHIE).

RHI Entertainment Reports Q1

RHI

Solid quarter considering what happened in Q4 2008. The key here is the 30-50 feature still expected for 2009. It also means year results will be heavily weighted to the backside. Investment thesis unchanged by these results. Book value =$11.55 a share vs $3.34 share price

Todd Sullivan talks about General Growth Properties and More

Embedded Video: 

Klarman Ups RHI Stake to 36%

Seth Klarman

Earlier this week Klarman's Baupost Group purchased an additional 437,000 share of RHI

Syndicate content

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details