Can you say "bread line," boys and girls?
That's our word for the day, as the Dow fell yet another 444.99 points Thursday, breaking solidly through the supposed 8,000-point floor to wind up at 7,552, and taking the stocks of most Racine-based companies with it.
All the way down to new 52-week, and even historic lows.
Among the casualties -- all double-digit percentage drops except for Lee -- were:
- Case New Holland, CNH, which dropped $1.97, to $11.09 per share. Its 52-week high was $70 ... it seems a lifetime ago. In September, it was $37.
- Twin Disc, TWIN, dropped $.91 to $4.04 per share. Its 52-week high was $37.46. Just two months ago it was at $18 and a local broker assured me it was a "buy."
- Lee Enterprises, LEE, owner of the Journal Times, fell "just" $.09, to $1.24, but has touched $1.07 -- barely two cents above the New York Stock Exchange's delisting point of $1.05. Its 52-week high was $15.97.
- Marshall & Ilsley, MI, fell $1.33 to $11.86. Its 52-week high was $33.04.
- Modine, MOD, dropped $.53 to $3.52. Its 52-week high was $21.77. And in September it was a t$17.