Wednesday, October 08, 2014

Samsung Shares Test Limits of ‘Rock Bottom’ - Digits - WSJ

Difficult days for Samsung and its shareholders

"While “rock bottom” captures the seriousness of the problems facing Samsung, there is also optimism in the analysts’ decision to use that metaphor: presumably, there’s nowhere to go from “rock bottom” but up.

Except that Samsung continues to fall. On Wednesday, one day after telling investors that its operating profit for the quarter ended September fell by about 60% from a year earlier, its stock gave up another 2.8% to put the stock at a new 27-month low."
Samsung Shares Test Limits of ‘Rock Bottom’ - Digits - WSJ
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