Blue Chip Penny Stocks

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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Tags | Economics and Business, James Joyner AIG, Barry Ritholz, Chip Penny Stocks, Citigroup, financial crisis, Ford, GM, New York Times, stocks

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