The collective market capitalization lost by the fabulous five in 2005 is an incredible $31.9 billion, according to a Detroit Free Press article Saturday.
The biggest losses, of course, were at GM and Ford, at $11.7 billion and $12.6 billion, respectively. And with no earnings, and little earnings upside, analysts see no reason for stock prices to rise appreciably, leaving a lot of investors holding big losses.
Telling comparisons: investors value ketchup maker H.J. Heinz more highly than GM, and video game company Electronic Arts more highly than Ford.
The biggest losses, of course, were at GM and Ford, at $11.7 billion and $12.6 billion, respectively. And with no earnings, and little earnings upside, analysts see no reason for stock prices to rise appreciably, leaving a lot of investors holding big losses.
Telling comparisons: investors value ketchup maker H.J. Heinz more highly than GM, and video game company Electronic Arts more highly than Ford.
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