A humorous look at the companies that caught our eye, for better or worse, this week
Jamba Juice specializes in fruit smoothies like the “Mango-A-Go-Go,” but recent gains were gone-gone this week as the company disappointed with its sales numbers. Will the makers of the “Orange-A-Peel” smoothie continue to have appeal? Not if shareholders set their blenders to “liquidate,” not “liquefy.”
Aug. 9 close: $13.71 (U.S.), down $1.79 or 11.5% over week
The Tesla Model S can go more than 480 kilometres per battery charge. And highly charged Tesla shares have now gained more than 300 per cent this year. Skeptics say the wheels are eventually going to come off. But so far, standing in the way of this stock has made you roadkill.
Aug. 9 close: $153.00 (U.S.), up $15.00 or 10.9% over week
Here’s a bad sign: A headline on a major investing website says “J.C. Penney is dying like a crazy headless chicken.” Investor Bill Ackman says the company’s chairman needs to go. The company says Mr. Ackman is wrong. Investors, this chicken is just about fried.
Aug. 9 close: $12.87 (U.S.), down $1.41 or 9.9% over week
For more than a year, the Calgary-based maker of classroom whiteboards got a big, fat “F” from investors. An unexpectedly large profit this quarter earned it an “A.” But for those who bought the shares three years ago at its $18 IPO price? An “incomplete” mark is generous.
Aug. 9 close: $2.42, up 46¢ or 23.5% over week
You squeeze into your seat on a fully packed plane. “What a load!” you say. “No, load factor!” your seatmate exclaims. “As planes get fuller and fuller, the airlines’ profits rise, and so do their share prices. I’m an Air Canada stockholder!” You punch him in the nose, and get escorted off the plane.
Aug. 9 close: $2.82, up 64¢ or 29.4% over week