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"Dilbert" 01/30 - His firm isn't Chryler, but ...

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Eric S. Harris

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Jan 30, 2009, 8:52:52 AM1/30/09
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Dogbert buys 51% for a penny a share, and takes action to improve the
value of the firm. <http://www.dilbert.com/fast/2009-01-30/>

Fiat buys 35% and values its stake at zero dollars, and takes actions
which (presumably) will improve the value of their investment.
<http://money.cnn.com/2009/01/19/autos/chrysler_fiat.reut/index.htm>

Other details also differ, but the overall pattern is eerily similar.
-Eric

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Joseph Nebus

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Jan 30, 2009, 11:02:26 AM1/30/09
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"Eric S. Harris" <eric_ha...@wahoo.com> writes:

>Dogbert buys 51% for a penny a share, and takes action to improve the
>value of the firm. <http://www.dilbert.com/fast/2009-01-30/>

>Fiat buys 35% and values its stake at zero dollars, and takes actions
>which (presumably) will improve the value of their investment.
><http://money.cnn.com/2009/01/19/autos/chrysler_fiat.reut/index.htm>

>Other details also differ, but the overall pattern is eerily similar.

Well, though, it's kind of hard to make sense of buying a large
stake in a company unless you mean to do something that improves the
value of the investment.

Now, buying a company worth *nothing*, that was the trick
betwen the dot-com bubble and September.

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Joseph Nebus
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Night Owl

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Jan 30, 2009, 6:55:39 PM1/30/09
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On Jan 30, 8:52 am, "Eric S. Harris" <eric_harris...@wahoo.com> wrote:
> Dogbert buys 51% for a penny a share, and takes action to improve the
> value of the firm.  <http://www.dilbert.com/fast/2009-01-30/>
>
> Fiat buys 35% and values its stake at zero dollars, and takes actions
> which (presumably) will improve the value of their investment.
> <http://money.cnn.com/2009/01/19/autos/chrysler_fiat.reut/index.htm>
>
> Other details also differ, but the overall pattern is eerily similar.
> -Eric
>
Stock at a penny a share? But what would Dogbert want with Circuit
City at this point?

Also, Is a company actually worth anything when you can buy it at a
penny a share? Has any company ever come back from being devalued to a
penny a share?

Night Owl

Dann

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Jan 31, 2009, 10:17:29 AM1/31/09
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On 30 Jan 2009, Night Owl said the following in news:fb3f71c8-1e50-40ed-
9c11-c15...@r34g2000vbp.googlegroups.com.

> Also, Is a company actually worth anything when you can buy it at a
> penny a share? Has any company ever come back from being devalued to a
> penny a share?

Yes. Also, lightening does strike twice in the same location and people
win millions playing the lottery.

The odds of such things happening being a separate discussion.

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Regards,
Dann

blogging at http://web.newsguy.com/dainbramage/blog.htm

Freedom works; each and every time it is tried.

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