Michael Shulman
Michael Shulman is the editor of ChangeWave Shorts, a newsletter advisory service that helps individual investors make money on the short side of the market.
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Portfolio Killers: 8 Zombie Stocks to AvoidMarch 10, 2009 By Michael Shulman, Editor, ChangeWave Shorts |
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Zombie Stock #1: AIG (AIG)
This once-great insurance company is being kept alive because of huge obligations created through derivatives it sold. It is now being broken up, limb by limb.
The eventual taxpayer loss could endow enough colleges to permanently create half a million tuition-free slots for students or pay for health insurance for every American doing without.
True shareholder value: zero
NEXT: Zombie Stock #2 – Bank of America
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