Scandal Stocks Portfolio - Stockpickr! Your Source for Stock Ideas

Scandal Stocks

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Created by Pam

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Date updated:01-05-2007

From Forbes:
"Want a cheap growth stock? Get one tainted by an investigation into options backdating."

"A stock damaged by scandal can be a great buy...Here we list 8 stocks that are cheap, scandal-hobbled stocks that could recover nicely. We started with 85 companies under backdating scrutiny. Then we refined the list by kicking out companies with per-share declines in either sales or operating cash flow over the past three years. A company also had to be cheap in relation to its growth rate. More precisely, we wanted to see an annualized growth in sales over the past three years that was higher, in percentage points, than the enterprise multiple."

ASYT
Asyt
$0.00
N/A
$N/A

In October Asyst Technologies (nasdaq: ASYT) admitted to backdating options prior to February 2004. As a result, it would take a $19 million charge, including taxes, or 4% of annual sales. At $7.00, its stock is trading at a 35% discount to its 52-week high; at that price, Asyst has an enterprise multiple of 8x. The company, which makes automation systems that keep semiconductor wafers clean during processing, has increased sales per share at a 16.8% annual clip the past three years.

People owning ASYT also tend to own: AET APA ARO BAC CHIC CMI COP

TheStreet.com Rating: No Rating What is this?

MOLX
Molex Incorporate
$19.24
-0.21%
$19.01

Molex (nasdaq: MOLX) makes electrical components for the communications, consumer and automotive markets. In August its board found 12 years' worth of options irregularities and the board then told some executives to return $685,000 of realized gains to the company. The stock's enterprise multiple is 40% lower than its sales growth rate. More bad news may yet surface: The U.S. Attorney for Northern Illinois has subpoenaed its financial documents.

People owning MOLX also tend to own: A ACN ALD AMCC BER BTU CELG

TheStreet.com Rating: C What is this?

MXIM
Maxim Integrated
$17.47
+1.04%
$17.33

No Analysis added

People owning MXIM also tend to own: ADTN ALGN AMLN BEAS CCMP CKFR CRL

TheStreet.com Rating: C What is this?

NR
Newpark Resources
$3.08
-2.22%
$3.11

No Analysis added

People owning NR also tend to own: BDT BTU LOW PGN RNP STO TYC

TheStreet.com Rating: C- What is this?

UNH
Unitedhealth Grou
$28.67
+1.63%
$28.10

No Analysis added

People owning UNH also tend to own: ACF BMY BRK-A BRK-B CNQ DJCO DUK

TheStreet.com Rating: C+ What is this?

WITS
$0.00
0.00%
$N/A

No Analysis added

People owning WITS also tend to own: ATRS BMET CBSS CCU CLE DG GHCI

TheStreet.com Rating: C+ What is this?

APOL
Apollo Group
$55.99
-0.85%
$56.04

No Analysis added

People owning APOL also tend to own: AJG IRM AFL AMP COH ERS GGG

TheStreet.com Rating: B What is this?

CMX
Cmx
$0.00
N/A
$N/A

No Analysis added

People owning CMX also tend to own: AAPL BP BXP DE GOOG LOW MDT

TheStreet.com Rating: No Rating What is this?

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