A friend of mine was recently discussing what you can do with Citigroup stock since it is priced a tad over a dollar. Well… not much it seems.
It isn’t too far of a stretch to imagine the stock getting delisted soon due to being priced under a dollar a share.
I think it is a market declaration of how worthless Citigroup and its kin truly are. Yes, most stock prices have dropped horribly in price over the months, but one thing the Bush Depression has given us, is a clear view of what is valuable and what is not. Apple and Google are still priced well over $1 per share. Clearly companies that structured their business models around neo-con fantasies aren’t even worth the price of a movie ticket.
|Storm Bear Williams [send him mail] is the founder and group creative director for the Mojo Zoo advertising agency - a company focusing on bringing Fortune 500 clients into emerging technologies such as Second Life. His cartoon can be read HERE and you can read his blog about culture, advertising and technology HERE.|
Copyright © 2009 Storm Bear