5 of Last Week's Biggest Losers

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.

Company

June 8 Weekly Loss My Watchlist
Tempur-Pedic (NYSE: TPX  ) $25.54 (41%) Add
Patriot Coal (NYSE: PCX  ) $1.67 (32%) Add
Central European Dist. (Nasdaq: CEDC  ) $2.89 (26%) Add
Men's Wearhouse (NYSE: MW  ) $29.12 (16%) Add
Complete Genomics (Nasdaq: GNOM  ) $1.88 (14%) Add

Source: Barron's.

Tempur-Pedic was last week's biggest loser, shedding 41% of its value after the premium mattress maker hosed down its guidance. Tempur-Pedic now sees an 8% decline in sales for the second quarter, and its profit guidance of $2.70 a share for the year is well short of the $3.93 a share that Wall Street was targeting.

Patriot Coal was already having a bad week of trading before heading lower after a rival announced that it would be closing four mines that are uneconomical to keep running. Falling coal prices and consumption have hurt the industry to the point where a competitor pulling back is seen more as foreshadowing than an opportunity.

Central European Distribution took a spill after the Polish vodka maker revealed that it will be restating the past couple of years of financials after failing to estimate some rebates correctly.

Suit retailer Men's Wearhouse missed a button. The stock took a hit after the company missed analyst profit estimates, and that's a rare sight for the typically consistent performer.

Complete Genomics has now had back-to-back weeks of double-digit percentage losses. The damage this time around was a restructuring announcement done to preserve the company's cash as its seeks out strategic alternatives.

Ready for a bounce
It was a rough week for these five stocks. If you want to shake yesterday's losers and ride tomorrow's winners, a new special report reveals Motley Fool's top stock for 2012. It's free, but only for a limited time so check it out now.

Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.

The Motley Fool owns shares of Tempur Pedic International. The Motley Fool has a disclosure policy.
We Fools may not all hold the same opinions, but we all believe that
considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1908498, ~/Articles/ArticleHandler.aspx, 12/17/2014 3:07:59 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement