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Showing posts from December, 2009

Lear Corp - a stock you should avoid

Wanted to know who's the most "talented" management? The answer is Lear Corp... a stock "LEA" listed in NYSE. Not long ago, someone bought a share of LEA on JUN with cost of USD0.50, if he check the stock now... it trade at USD60 per share now!! ( history share price ) The truth is, today's LEA is not the same as LEA bought on JUN. The management was actually wiped out holders of previous class common stock and created a new share! The share bought before the co. restructure became null. Yes, LEA is newly restructured but under the same old management team... ( To read more on the story of how "creative" the management to reorganize ...)