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Friday, July 9, 2010

Tejon Ranch stock is in the toilet....

The Condor's revenge?

Editor's note: a little over 2 years ago, after Tejon made a deal with 5 groups to not oppose their developments, the company's stock was trading at $45 a share. Times change...

Friday, 09 July 2010 03:24 Tejon Ranch Co. (TRC) [Chart - Analysis - News] established a new 52-week low yesterday at $22.90. Clearly investors are not enthusiastic about the firm's prospects. The decline was accompanied by higher than average volume, which adds to the momentum behind yesterday's move.

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