Interesting facts, videos, commentaries from the world of finance, comedy, film, editorial and historical sources plus points of view of my friends around the world . . . the let sharing continue . . . please tell a friend to check my blog if you like what you see. Thanks
Sunday, May 04, 2008
Money Heaven and Bear Sterns and Enron
According to Yahoo Finance, there are 163.76 million outstanding shares of Bear Sterns. On May 7, 2007, Bear was trading at $158 or market cap of $25.874 billion . . . that's big. Wonder what Enron's market cap at it's zenith was ? we'll get back to that. Now, Bear Sterns is trading at $10.90 or a market cap of 1.785 billion or a loss of $24.089 . . . . gone to money heaven. Back to Enron, in Dec 2000 Enron's share price almost hit $85 (some sources say it's market cap was $65 billion). In 16 months it was gone . . . zero. I'm not sure if this is a fair comparison but it's still interesting, isn't it? and I haven't even brought up the subject of bond defaults, etc.
No comments:
Post a Comment