|
RIJimmy - KMART stock (KMRT). has only gone up during the martha fiasco.
May 03 - $15.00/share
December 30th - about $22.50/share
Today trading around $34.50/share
there was a small market panic hiccup on 3/5 where it shot to $34 and down to around $32 - and is back up to $34.50
KMART is not suffering any injury in stock due to Martha's illegal activities.
And anyone watching martha's stock (MSO) had a great opportunity over the last 6 months to pick up $4 a share until yesterday when the bottom fell out and returned to $10 a share still a $1 more a share than it was in October.
Her stock has been on a rocket ride downward since her dec '99 offering. Starting at $40 in Jan '00 it was already down $25. Jan 01 $20 Jan 02 $18. Then a plummet to almost zero at the end of '02.
So - I do not see how John Q. Public is being punished by Martha's stupidity and greed. I do see how her company could potentially flounder and ultimately fail since she can no longer run her publicly traded company as a felon. but to hell with it, let someone else run it and everyone keeps their jobs.
|