It was a record year for stocks, index, S & P 500 to healthy 13 per cent or so in 2010. Stocks recently hit a two-year high, putting them back near the level of 2008, right in front of the financial panic of nauseating plunge in value of the stock portfolios. Some analysts believe the bull market will keep rolling straight until 2011.
[See companies cratered in 2010.]
But as a general economic recovery, stock market rally is an invitation only parties and dozens of State-owned companies are still suffering from the devastating effects of the recession, which lasted from 2007 through 2009, leaving 15 million Americans. Analysis of capital IQ, a division of Standard & poor 's, show that about 200 public companies United States with a market value of over $ 1 billion has been falling stock prices in 2010, many of them double-digit declines. Weak performers provide a glimpse into the most troubled parts of the economy where many firms are still facing the consequences of the economic downturn and painful long-term changes. Here's 10 worst stocks performers * 2010:
Weyerhaeuser (stock price down 57% from 2010). The fate of this lumber, pulp and paper companies are closely related to the housing market, which have been felled in epic bust. Revenue down by more than 50 per cent since 2006, Weyerhaeuser has been slashing costs and handling units, and it also plans to change its corporate structure to reduce taxes. Within the framework of this restructuring, the company paid a special dividend in the year 2010, to compensate for the regrouping of shareholders.
Dean Foods (down 54%). Thrifty consumers and rising commodity prices pinched profits at DIN, which sells a variety of milk and other dairy products. Premium lose ground for cheaper store brands, although the cost of the ingredients of thorns. Dean, who owns brands such as land o' Lakes, silk and Garelick farms, laid off 1000 employees and shaving plans $ 100 million over the next few years.
[See who will thrive in 2011]
H & r Block (down 43%). Higher unemployment means less tax returns and more employees trying to save money by doing it themselves. The crimped revenue in the nation's leading tax preparation, although reorganization helped keep the profit. Prospects of companies mainly relate to the improvement of the economy is rather uncertain at the moment — plus investors want to see stronger growth companies "do it yourself" software.
Dividing resources (down 40 percent). Energy prices are notoriously unstable and plunging prices of natural gas have suffered this energy company, which operates primarily in Texas and Louisiana. Strong energy companies protect against price fluctuations, by diversifying into different forms of energy, but 94 per cent of the proved reserves of natural gas, which fell in price by approximately 55 per cent from 2005.
Apollo Group(down 36%) The company commercial education operates the University of Phoenix, which offers relatively cheap online degrees and enjoyed a surge of business during the recession. But Apollo financial practices has recently caught the attention of federal regulators — most recently, investors want to hear. The Government is exploring the possibility of insider trading and other violations, and some investors have filed a class action lawsuit claiming false statements from the company execs. Apollo says he did nothing wrong and fights suit, but bad advertising led to a decline in population, and the company recently expelled 700 employees.
[See who will fight in 2011]
Diamond offshore drilling (down 34 per cent). This oil drilling company does a catastrophic spill XB, but it was sure that affected. Diamond contracts its services to large energy companies and the Gulf of Mexico is one of the main areas of its work. So at this year's drilling moratorium, plus new drilling restrictions in the Gulf, darkened picture of earnings. Plus performance type services, diamond were soft to BP spills, lax and two dividends decreased this year.
ITT educational services (down 33%). Business is good for the business entity that operates approximately 125 technical agencies offering associate 's, Bachelor's and master's degrees. However, the commercial school suddenly attract more government study, since students often increase debt load is largely thanks to financial assistance, subsidized by the Government and the struggle to repay it. New rules are possible, and even some investors hold a class action lawsuit against ITT educational services.
[See why did double dip recession]
BancorpSouth (up to 31 per cent). Come to this regional bank based on Mississippi dropped thanks to real estate loans, which account for about 75 percent of its loan portfolio. The Bank was trying to overtake the housing bust through diversification of insurance and other financial services, but not her income has consistently met the expectations.
SuperValu (down 27 percent). Sales are down at the big grocery chain, which operates under the names such as show, Acme, Albertson, shop 'n Save, and the buyer, thanks to cost-conscious consumers and fierce competition from big discounters like Wal-Mart was closed, some companies and restructuring, but the pressure in this low-margin business stays active. As skittish about workforce is highly unionized and disadvantages SuperValu investor value.
[See 4 reasons why jobs are still very scarce]
PulteGroup (down 24%). Income for the year finally can improve the dismal levels of 2009, but this House Builders continued to struggle as housing bust drug with high unemployment and limited credit dramatically depressing home sales. Pulte has a deep cut to survive, and if it can prevent losses in 2010, will be the first annual profit in 2006. But home values will probably keep falling in 2011, nobody can be sure that when the housing bust really ends — or of the future will be brighter for home builders.
* Includes publicly traded companies United States with a market capitalization of $ 1 billion or more United States in mid-December. With the exception of companies whose stock price was affected by the merger, spinoffs, paging and other events. On the basis of the shares in 22 December 2010.
Twitter: @ rickjnewman
Updated on 12/23/10: this story was updated to include information on the special dividend paid to shareholders of Weyerhaeuser.
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