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Digital Generation Bottomed Out: Finerman

It’s 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 - doesn’t seem like it’s up her alley.

Shares have declined more than 70% in the period of a year. Typically this isn’t the place where Finerman plays.

But not this time.

After such a prolonged decline the stock turned higher on Tuesday. “It’s 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.

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Posted by CNBC's Lee Brodie






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Trader disclosure: On May 29, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long SBUX; Joe Terranova is long SJM; Joe Terranova is long UPL; Joe Terranova is long WFM; Joe Terranova is long AAPL; Joe Terranova is long NXPI; Joe Terranova is long LPX; Joe Terranova is long SNDK; Joe Terranova is long CNX; Joe Terranova is long LQD; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long NFLX PUT SPREAD; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long RIMM CALLS; Karen Finerman is long HPQ; Karen Finerman is long DGIT; Karen Finerman is short MDY; Karen Finerman is short IWM; Karen Finerman is short SPY; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; Brian Kelly is long AAPL; Brian Kelly is long WFC; Brian Kelly is long GLD; Brian Kelly is long XLU; Brian Kelly is long INTC; Brian Kelly is long PEP; Brian Kelly is long USG; Brian Kelly is long XHB; Brian Kelly is long USD; Brian Kelly is long CHF; Brian Kelly is short Swiss Franc; Stephen Weiss is short JCP; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long BAC CALL SPREADS; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long INTC CALL SPREADS; Jon Najarian is long IBM CALL SPREADS; Jon Najarian is long CIEN CALL SPREADS; Jon Najarian is long LM CALL SPREADS; Jon Najarian is long DDMG;Jon Najarian is long CIGX; Jon Najarian is long CBOE; Jon Najarian is long CME

For Mike Harris
Campbell is short the MEFF IBEX futures contract
Campbell is short the EUR/USD

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