I knew someone who worked at Enron before it was Enron. She told me at the peak she had about $400,000 in shares (about $90 a share). She watched it go down, but they told her it would go back up. It kept dropping, they told her it would go back up. She ended up riding it all the way to bankruptcy. She told me she eventually got a final check for $235.00 I told her she should either get a nice dinner and manicure or frame the check and put it over her desk with the words "Idiot" over it.a company doesn't doesn't have to go to zero for you to lose 100% of your money.On the other hand, how many other stocks have you read about that tanked to zero?GM survived and thrived, but only NEW shareholders who bought shares after bankruptcy profited. Those holding shares up to the bankruptcy, got soaked. Heads I win, tails you lose seems to me. Not sure why anyone would want to accept that kind of lopsided bet. On the other there's this:GM went through bankruptcy protection in 2009 and was cleansed of most of its huge debt, while stockholders lost their investments.
Image may be NSFW.
Clik here to view.
Statistics: Posted by ROIGuy — Sat Feb 08, 2025 9:16 pm
