cluless

Circuit City Unlikely to Successfully Emerge from Bankruptcy

Who's next? Which retail stocks will succumb and which will survive?

Circuit City Unlikely to Successfully Emerge from Bankruptcy

Who's next? What other retail stocks are on their way to bankruptcy? Which retail stocks will survive? Thanks.

How to Trade This 'Bear' Market - Barron's

I am stunned that Bear only fetched $2 per share. Recent book value was reported at about $80 per share for Bear Stearns. At $2, this valuation is almost a 98% discount to book value. I thought book value was the breakup value of a business and when the business goes bankrupt, then the shareholders get some reasonable percentage of book value. This deal may be good for Bear's counterparties, clients, and the financial system, but it is incredibly bad news for amateur investors like me. We all depend on accurate and honest information to make informed investment choices, but clearly "book value" in the case of Bear, and presumably all financial corporations, if not all stocks, is pure fiction or fantasy.