> G.E.'s stock price declined by 35 percent during the period, a dismal
> performance, to be sure, but hardly the worst among major companies.
>
> But G.E.'s $398 billion market capitalization at the beginning of the year
> was so high that the fall in its stock price destroyed shareholders' wealth
>
> in colossal proportions. The $140 billion loss was bigger than the entire
> market cap of any one of the four next-biggest losers on the list — Intel,
> Tyco International, AOL Time Warner and I.B.M. — according to Morningstar
> data.
>
>
And yet, despite all the recent Wall Street coming to its knees in fines fanfare and all the big bank promises to revise analyst rating practices - the NY Times poll of analysts gives GE an average 'buy' rating. The Yahoo Finance poll scored GE at a 2.1 (1 = buy, 5 = sell) up from 2.4 last week. So, a 35% loss in market value must be followed by a gain? Or more of the same standard of corporate analysis?
Nomi
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