Did your broker/financial advisor recommend any of these three stocks which hit a 52 week low? It was certainly not a memorable week for the investors of these following stocks:
1. Danier Leather (TSX:DL)
Danier Leather hit a 52-week low of $10.50 on March 6, but this fall was coming. In March, 2013, the Federal government increased the 8% tariff on leather jackets that were imported from China to 13%. Danier said this would cost the company $1.2 million extra per year. The increase to consumers would be $10-$20 per jacket. Danier feels the revenue losses were due to the power outages and ice storms in Eastern Canada. However, their accessories business has risen 20% from 2013.
2. Halogen Software Inc. (TSX:HGN)
Halogen Software fell to a 52-week low of $10.60 on March 6, from another earlier low of $11.36 in February. Investors were told by the company that they expect to incur losses in the future. Halogen lost $19.6 million in 2012 and $12.8 million in 2013. Unfortunately, the first three months of 2014 were not looking bright.
3. Westport Innovations Inc.(TSX:WPT)(NASDAQ:WPRT)
Westport dropped to $16.90 on March 3rd, hitting the same low point from March, 2011. Confidence is low in the company which had a high of $36.57 in July. Westport is entering into new agreements for constructing natural gas engines and vehicles. Perhaps this is what they need to put them back in the black.
Soreide Law Group, PLLC, is committed to helping victims recover investment losses due to negligent conduct on behalf of their broker/financial advisors. We represent investors nationwide in the handling of their securities arbitration claims. If you suffered financial losses with any of these stocks that your BROKER RECOMMENDED, call for a free consultation with an attorney at: 888-760-6552.
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