Stock Certificate: Soy Un Perdedor
Over at Bespoke Investment Group‘s site, they’ve got the top 15 performers on the S&P 500 and the bottom 15 for 2008. Interestingly, out of the worst 15, 5 of them don’t exist anymore (Lehman, WaMu, Nat City, Bear and Circuit City).
More interestingly, and a great sign of the times for 2008, was that 5 of the top 15 performers were acquired during the course of the year, essentially putting them out of our misery before they had a chance to do more damage to investors.
Wrigley, Bud, Safeco, EDS and Barr were taken out during the course of the year and as a result, are 5 out of only 29 stocks in the S&P 500 that actually finished with a gain. If only more companies in the index were acquired!
For the percentage gain and loss figures themselves, check out the Notorious B.I.G. site by clicking here: Bespoke Investment Group
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