Quote..."To see how falling share prices can kill a company, consider the plight of Lehman Bros. as detailed in Andrew Ross Sorkin's bookToo Big To Fail. Lehman executives argued vehemently that they had enough capital and other assets to weather the 2008 economic downturn, and many analysts agreed until the company's very last days. The problem, according to CEO Dick Fuld, was that short sellers—people who bet that the stock price would decline—drove the stock down so far that lenders wouldn't deal with the company and clients withdrew their capital. In just a few days, Lehman went from one of the biggest banks in the world to a company that couldn't pay its bills."
GXY Price at posting:
$1.61 Sentiment: Buy Disclosure: Held