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BearingPoint (NYSE: BE) stock price drops to 20 cents!
BearingPoint (NYSE: BE) stock price drops to 20 cents!
We blogged earlier that BearingPoint stock had touched its all time low of 50 cents a share in September. But that was before the current meltdown in the financial markets, with today’s (October 9, 2008) shocking drop in the Dow of ~ 700 points, BearingPoint’s stock has fallen further amazingly to an even lower all-time low of 20 cents, touching at one point an intra-day low of 17 cents.
The entire company’s market capitalization is now only about $40 million, this for a consulting firm in annual sales in excess of $3 billion.
BearingPoint’s stock price is now less than a pack of Wrigley’s gum.
If there is any value to be created, this may be a time to go private, if of course there is a willing investor and a receptive debt market to absorb the risk and make the dollars available for this transaction.
The bar is so low, but we ask, are there any takers?
BearingPoint, stock price, all-time low
Posted by: Big4 10.09.2008 5:14 pm
We blogged earlier that BearingPoint stock had touched its all time low of 50 cents a share in September. But that was before the current meltdown in the financial markets, with today’s (October 9, 2008) shocking drop in the Dow of ~ 700 points, BearingPoint’s stock has fallen further amazingly to an even lower all-time low of 20 cents, touching at one point an intra-day low of 17 cents.
The entire company’s market capitalization is now only about $40 million, this for a consulting firm in annual sales in excess of $3 billion.
BearingPoint’s stock price is now less than a pack of Wrigley’s gum.
If there is any value to be created, this may be a time to go private, if of course there is a willing investor and a receptive debt market to absorb the risk and make the dollars available for this transaction.
The bar is so low, but we ask, are there any takers?
BearingPoint, stock price, all-time low
Posted by: Big4 10.09.2008 5:14 pm
 Views: 244 |
 Comments: 0 |
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