Saturday, January 12, 2002
Enquirer 80: Some see fortunes reversing
By Amy Higgins
The Cincinnati Enquirer
Only two weeks into the year, and already, investors can tell it's different on Wall Street. Winners and losers from 2001 are starting to switch places in 2002.
LanVision Systems, the Blue Ash medical software firm that blew away the local competition by gaining 495.5 percent in 2001, is down 2.8 percent in the new year. Not a crash, granted, but still enough of a decline that 60 companies in the Enquirer 80 Index of local interest stocks are faring better.
Last Saturday, the Enquirer ran an article rounding up how those 80 stocks performed in 2001. (Jan. 5 story). They are the public companies either based here or operate significant operations here. They are the public companies that many Greater Cincinnatians have their salaries and investment portfolios riding on.
The end-of-quarter and end-of-year reviews are intended to gauge the health and prosperity of Greater Cincinnati businesses in relation to one another and in relation to the rest of the country.
The chart listing the 2001 returns for each of the 80 stocks and some major indexes was inadvertently left out of last Saturday's edition. So the chart appears here. And already, some stocks are taking a different course than they did last year.
A few of those faring much, much better were stocks that fell the most in 2001. Chiquita Brands International, which lost more than a third of its value in 2001, tops the list of year-to-date winners rising 20 percent, from 64 cents to 77 cents a share.
Dayton's NCR Corp. follows, gaining 16.1 percent in the last two weeks. Many other double-digit losers in 2001 Delta Air Lines, PNC Bank, Humana are posting modest gains so far in 2002.
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