Blue Chip Penny Stocks
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James Joyner | Friday, March 6, 2009 |
Barry Ritholz has a depressing list of companies the were going gangbusters quite recently and are now damned near worthless. A partial list:
- AIG (39 cents)
- Citigroup (98 cents)
- E*Trade (66 cents)
- Unisys (37 cents)
- Ford ($1.83)
- GM ($1.83)
For those of us who don’t buy individual stocks, here’s some perspective: The bankrupt New York Times, in the dying print media business, currently sells at $4.00.
Photo by Flickr user frogmuseum2 under Creative Commons license.
About the Author: James Joyner is the publisher of Outside the Beltway and the managing editor of the Atlantic Council. He's a former Army officer, Desert Storm vet, and college professor with a PhD in political science from The University of Alabama. He lives just outside the Beltway in Alexandria, Virginia with his wife and infant daughter.
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