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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James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.