|Day Low/High||13.13 / 13.58|
|52 Wk Low/High||9.02 / 26.28|
Languishing NL Industries and Ascena Retail Group saw their shares spurt higher on Thursday on positive events.
Announcement of a settlement of a lead paint legal tussle that had gone on for nearly two decades gave NL shares a boost Thursday.
GameStop was among several slumping smaller-caps that rebounded nicely on Tuesday, but the video game retailer was hammered after hours on a sales miss and elimination of its dividend.
It's the kind of action that makes the markets interesting in a New Year.
All of these companies have been hammered to a varying degree during the year but trade at reasonable forward valuations.
Shares of the related companies are struggling, which can be the norm for investments in out-of-favor businesses.
Especially painful are situations where a name begins to drop almost immediately after taking a position.
The value of its big holdings in Kronos Worldwide, CompX International and Valhi Inc. greatly exceed its own market cap.
It can be hard to regret even profitable trades when your investment philosophy typically has you out of stocks early.
I'm trying to get comfortable with this potential 'sum of the parts' idea.
Give me all of this and more, without a bear market correction.
Valhi fell 28% on Wednesday, but was 10% back up Thursday morning.
There's conviction behind the buying in these particular names, so they may be a good starting point.