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benny1967's Avatar
Posts: 3,790 | Thanked: 5,718 times | Joined on Mar 2006 @ Vienna, Austria
#159
Originally Posted by Texrat View Post
The decline in valuation from last high of ~ $34 per share to current ~ $13 per share.

EDIT: make that ~ $40 to ~ $12

http://finance.yahoo.com/q/bc?s=NOK&t=5y&l=on&z=m&q=l&c
... you know, this is something i dont quite understand with modern economy:

market share goes up, profit goes up.... but for some reason (probably more related to crystal balls than to facts) stocks go down in price. It's the market that decicedes about the value of the shares, right? not the management? why don't investors fire themselves instead of the management that made everything that matters about the company better than worse?

probably the whole concept of shares and stock corporations is a leftover from early days of industrialisation and should be made a criminal offence. it doesn't seem right to anybody that money (without vision, reason and sanity) rules.
 

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