Blue Chip Penny Stocks

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.

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