Stocks That Fell to 3-Year Lows in the Week of Sept. 29
- By Shuda Xia
Optical Cable Corp. (OCC), Cherokee Inc. (CHKE), Frontier Communications Corp. (FTR) and World Fuel Services Corp. (INT) have declined to their three-year lows.
Optical Cable Corp. (OCC) declined to $2.15
The prices of Optical Cable Corp. shares have declined to $2.15 on Sept. 29, which is only 2.3% above the three-year low of $2.10.
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The intrinsic value of OCC
Optical Cable Corp. is an American fiber optic cable manufacturer and distributor. The company manufactures a variety of high performance cabling and connectivity solutions for a variety of industries, including the military and the broadcasting market. The company is the second largest manufacturer of multimode fiber optic cable for the North American enterprise market.
Optical Cable Corp. has a market cap of $15.770 million; its shares were traded around $2.15 with and P/S ratio of 0.22.
On Sept. 12 Optical Cable Corp. reported financial results for the third quarter 2017 ended July 31. Consolidated net sales for the current quarter were $16.4 million, a 2.9% decrease compared to net sales of $16.9 million for the same quarter of 2016. Net sales increased 12.5% compared to net sales of $14.6 million for the first quarter of 2017.
Cherokee Inc. (CHKE) declined to $2.75
The prices of Cherokee Inc. shares have declined to $2.75 on Sept. 29, which is only 0.0% above the three-year low of $2.75.
Cherokee Inc. is an American international apparel and footwear company. The company owns fashion and lifestyle brands such as Cherokee, Cherokee Workwear, Carole Little, Tony Hawk Signature Apparel, 900 Tony hawk, Liz Lange and Saint Tropez. The company's products are available in 110 countries in 12,000 retail locations and on digital commerce.
Cherokee Inc. has a market cap of $38.350 million; its shares were traded around $2.75 with and P/S ratio of 0.69.
On Sept. 14 Cherokee Inc. announced that it has appointed John T. McClain to the company's board of directors. McClain will serve as an independent director of the company and chair the Board's Audit Committee effective immediately. McClain has served in various C-level and senior-advisory roles across a number of publicly traded and apparel enterprises.
Frontier Communications Corp. (FTR) declined to $11.79
The prices of Frontier Communications Corp. (FTR) shares have declined to $11.79 on Sept. 29, which is only 1.2% above the three-year low of $11.65.
Frontier Communications Corp. is an American telecommunications company. The company is the fourth largest provider of digital subscriber lines in the United States and offers broadband Internet, local and long-distance telephone service, digital television service and computer technical support. The company provides services to both residential and business customers in 29 states in the U.S.
Frontier Communications Corp. has a market cap of $925.710 million; its shares were traded around $11.79 with and P/S ratio of 0.10. The trailing 12-month dividend yield of Frontier Communications Corp. stocks is 36.88%. The forward dividend yield of Frontier Communications Corp. stocks is 19.5%.
On Sept. 5 Frontier Communications Corp. announced a $1 million contribution pledge to the Rebuild Texas Fund. The non-profit fund was established by the Michael & Susan Dell Foundation in partnership with the OneStar Foundation to provide relief to the victims of Hurricane Harvey. The fund will focus initial support in areas of health and housing in addition to providing immediate relief efforts.
World Fuel Services Corp. (INT) declined to $33.91
The prices of World Fuel Services Corp. shares have declined to $33.91 on Sept. 29, which is only 4.8% above the three-year low of $32.28.
World Fuel Services Corp. is an American Fortune 100 company that provides marketing and financing for aviation, marine, and ground transportation fuel products and related services. The company ships at more than 3,500 locations around the world, producing more than one million barrels of fuel per day. The company has over 5,000 employees and 8,000 service locations as of 2016.
World Fuel Services Corp. has a market cap of $2.32 billion; its shares were traded around $33.91 with a P/E ratio of 22.16 and P/S ratio of 0.07. The trailing 12-month dividend yield of World Fuel Services Corp. stocks is 0.71%. The forward dividend yield of World Fuel Services Corp. stocks is 0.71%. World Fuel Services Corp. had an annual average earnings growth of 11.10% over the past 10 years.
On July 27 World Fuel Services Corp. reported second quarter 2017 earnings. The company reported a net income of $30 million or 44 cents diluted earnings per share. Adjusted second quarter net income was $34.2 million, or 50 cents adjusted diluted earnings per share, compared to adjusted net income of $34.8 million or $0.50 adjusted diluted earnings per share during the same quarter 2016.
Disclosure: I do not own stock in any of the companies mentioned in the article.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 5 Warning Signs with OCC. Click here to check it out.
The intrinsic value of OCC
