The Casual Investor
Investing tips for those who are not yet rich
Stock Pick 12/19/2007: KMT

When I ran a query for all stocks that were underperforming the Dow by at least 25%, I found this one, which indicated a 50.74% price drop today.  I checked out the fundamentals and the news, and the price drop indicated made no sense!  This was a good stock that had no reason to be cut like that; also, the charts didn't show such a drop.  This could only mean one thing: KMT was recently split.


Stocks that split usually go up in price.  Keep an eye on KMT, it may be a buying opportunity.

2007-12-20 02:44:30 GMT


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