Tuesday, December 8, 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 ...)

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