With no mergers or acquisitions affecting San...
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With no mergers or acquisitions affecting San Diego-based company stocks last week, their prices moved little in either direction, said Irving Katz, director of research at Thomas Green/San Diego Securities Inc.
A feature article in Barron’s on Value Investors seeking “net net” stocks, or those selling at less than the net value of their realizable assets, mentioned three San Diego companies: Smith Laboratories, which gained $.25 to $2 per share; Beeba’s Creations, which was up $.625 to $9.50; and Cipher Data Products, which gained $.125 to $8.625.
Last week, Barron’s did a feature article on Synbiotics that propelled the stock at one time to $11.75. This week, as reality took effect, the stock was off $1 to $9.25.
Triton Group Ltd. continued to gain in response to the possible sale of its Continental Graphics subsidiary. The stock was up $1.825 to $15.125. Intermark, Triton’s parent company, was up $.375 to $10.625.
Other good gains were made by Rohr Industries, up $1.75; WD-40, up $1; and Mail Boxes Etc., up $1. Advanced Marketing Services, which went public last year at $13 and at one time dropped to $5, gained $1.25 to $13.50.
Henley Group dropped $.50 to $24 as it was denied an injunction to block Santa Fe Southern Pacific’s issuance of $780 million in bonds. This will hinder Henley’s efforts to take over SFSP.
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