May 28, 2012
There's never a shortage of losers in the stock market.
Let's take a closer look at five of this past week's biggest sinkers.
|Hugoton Royalty Trust (NYSE: HGT )
|Northern Dynasty Minerals (AMEX: NAK )
|Talbots (NYSE: TLB )
|Patriot Coal (NYSE: PCX )
|LDK Solar (NYSE: LDK )
Hugoton Royalty Trust was last week's biggest loser, shedding nearly half of its value after concerns that future royalty payments will be lower than the company's value when the week began. Lawsuits and litigation settlements also aren't helping the natural gas producer.
Northern Dynasty Minerals took a hit after a poorly received response to an assessment report released by the U.S. Environmental Protection Agency.
Talbots went on sale after an exclusivity deal with a potential buyer fell apart.
Patriot Coal was the biggest loser on the New York Stock Exchange two weeks ago, losing more than a third of its value after a weak forecast forced Standard & Poor's to downgrade the coal company's credit rating. Well, things didn't get better last week, as Patriot Coal shed another 25% of its value after reports suggested that it may file for bankruptcy protection. Patriot Coal countered with a statement explaining that it's working with lenders and lawyers on an "optimal" financing package.
LDK Solar burned less brightly after the maker of photovoltaic products responded to the preliminary U.S. decision to assess an antidumping tariff rate of 31.18% to a group including LDK Solar.
Ready for a bounce
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