Pre-Paid Legal Makes Appearance on Star Stocks
Other times, though, the market gets caught off-guard by positive surprises from stocks that most investors thought were down for the count. In this situation, investors who stood by the stock often break into a chorus of "I told you so," as short sellers are forced to figure out just how much pain they can take.
To dig up some of these unloved, naysayer-defying stocks, I'm turning once again to The Motley Fool's CAPS community. Each of the companies below had received a one-star rating (the lowest) from our community of investors just 30 days ago: Data provided from Motley Fool CAPS as of May 16.
It's important to remember that some of these stocks, particularly the smaller, more volatile ones, could just as easily reverse these big gains over the next 30 days. In some cases, though, the strength could be a sign that the company's prospects have changed for the better, or that it had been beaten down just a little too far.
Are these stocks better than CAPS players had thought, or are they just singing that proverbial swan song? The best way to get a feel for where these guys are headed is to dig in and do some research. I thought I'd kick you off with some thoughts on Pre-Paid Legal Services.
A pre-paid pop Since Pre-Paid Legal Services is making its second appearance on this list in 2007, I couldn't help taking a closer look at it. It previously showed up the critics in late March, when it jumped 26% in the course of a month. It's since added 23 percentage points to that gain, up an impressive 85% in the last year.
(...Pre-Paid Legal is a pretty straightforward idea. In exchange for a monthly premium of around $26, members are entitled to legal services though Pre-Paid Legal's network of law firms. Mind you, Pre-Paid doesn't include remedies for an exhaustive list of potential legal snafus, but it does cover many of the most common occasions where a lawyer might help....)
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Pre Paid Legal To Host Convention
Following the recent announcement of the proposed merger acquisition by MidOcean Partners, Pre-Paid Legal Services, Inc. will march into the 2011 International Convention in Oklahoma City, April 7-9 with an ambitious agenda that focuses on both the future of the company and its history as a pioneer ... Read More...Finkelstein Thompson LLP Announces Investigation of Pre-Paid Legal Services
WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Pre-Paid Legal Services, Inc. ("Pre-Paid Legal" or the "Company") (NYSE:PPD) concerning the proposed acquisition of the Company by MidOcean Partners. Under the terms of the offer, Pre... Read More...Pre-Paid Legal Announces Update on SEC Subpoena
Pre-Paid Legal Services, Inc.announced that, as a part of an ongoing inquiry by the Division of Enforcement of the Securities and Exchange Commission ("SEC"), we received an additional subpoena from the SEC on April 13, 2010. The subpoena requests us to provide documents relating to certain membersh... Read More...Pre-Paid Legal documents subpoenaed by SEC
In an April 15, 2010 article by The Associated Press, Pre-Paid Legal has been subpoenaed by the Securities and Exchange Commission to produce documents related to complaints by customers, CEO Harland C. Stonecipher's resignation, and other issues.Replacing the 71 year old Mr. Stonecipher are two ... Read More...
