Monday, January 16, 2006

8 - History of a Failed Company - The Crash

Then came the results of the first quarter after the IPO launch. Guess what the price came to 10 USD.
Then came the results of the second quarther after the IPO. Guess what, you guessed right the price read 5 USD.
From there on it fell till it could fall no more. It stabilized at less than a dollar a share. Wow, for all that bravado of not being a "Body Shopping" company.
It was all downhill for the entire company from then on. One client after another moved out and not only moved out, they took the key members who worked on the project along with them.
For a better picture of the Crash look at this link.

http://www.investorguide.com/stock-charts.cgi?osymb=ENHT&siteid=8BD6B6FD-860E-46B8-9949-D17C8BCB359F&sid=184526&symb=ENHT&time=10yr&go=Draw+Chart&uf=0&compidx=aaaaa%7E0&ma=0&maval=

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