Scandal Stocks
1322 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by Pam
DESCRIPTION:

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."

symbol name last price % change open
  • +
  • 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: AETAPAAROBACCHICCMICOP

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: AACNALDAMCCBERBTUCELG

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: ADTNALGNAMLNBEASCCMPCKFRCRL

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: BDTBTULOWPGNRNPSTOTYC

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: ACFBMYBRK-ABRK-BCNQDJCODUK

TheStreet.com Rating: C+ What is this?

  • +
  • WITS
  • $0.00
  • 0.00%
  • $N/A

No Analysis added

People owning WITS also tend to own: ATRSBMETCBSSCCUCLEDGGHCI

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: AJGIRMAFLAMPCOHERSGGG

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: AAPLBPBXPDEGOOGLOWMDT

TheStreet.com Rating: No Rating What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 6, 2009 According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday’s “Mad Money” TV show, Cramer said if you ...

11.06.09 | 15:52 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 5, 2009 The traders on CNBC’s “Fast Money” told their viewers what they must know after Warren Buffett announced on Tuesday his l...

11.05.09 | 12:05 PM
Squeezing the Shorts: Late Earni...

By Jonas Elmerraji Posted on Nov. 4, 2009 For investors who seek out short-squeeze opportunities, there’s no time as important as earnings season. Earnings are one of...

11.04.09 | 15:18 PM
Cramer's Take on Headline Stocks...

By Stockpickr Staff Posted on Nov. 4, 2009 Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is...

11.04.09 | 11:12 AM
more articles
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
Wealth distribution by race and ...
11.23.08 | 18:44 PM From author Valerie J
Full Disclosure
11.09.08 | 12:30 PM From author alchemist
more forums
Q. what a bunch of horse sh... che...
11.08.09 | 14:30 PM Asked by fine tune your disciplines

A. dude, i trust DB, as much as i trust
nancy pelosi....................... that
bank is the BIGGEST F$$$$$ manipulator!

today 's lists
52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on Nov. 2, 2009. more

Dogs of the Dow

Here are the 10 stocks in the Dow Jones Industrial Average stocks with the highest yields as of the market close on June 2, 2009. more

TheStreet.com TV Videos

These are some of the stocks mentioned on TheStreet.com TV on Sept. 2. Click the URL below each stock to watch the videos. more