Digital Generation Bottomed Out: Finerman

Category: Digital Money, Uncategorized

Its rare for trader Karen Finerman to call a bottom in a stock, so when she does, our ears perk up.

To make her call that much more intriguing, as a somewhat conservative investor, the stock that she picked Digital Generation

Shares have declined more than 70% in the period of a year. Typically this isnt the place where Finerman plays.

But not this time.

After such a prolonged decline the stock turned higher on Tuesday. Its gone down, down, down until now. This I believe is the bottom, she says.

Finerman points to a Reuters story as a catalyst; according to the report, the firm has hired Goldman Sachs and is weighing a potential sale.

The report also says Digital Generation has drawn interest from several private equity firms and rival companies.

I actually think it will get done, she says.

Posted by CNBC's Lee Brodie

Current DateTime: 04:58:31 29 May 2012 LinksList Documentid: 26256943

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Digital Generation Bottomed Out: Finerman

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