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 #2: Bank of America (BAC)
In the past year, Bank of America CEO Ken Lewis lost his mind and bought not just failed mortgage company Countrywide, but failing investment bank Merrill Lynch, killing his shareholders and turning his company into the largest zombie around.
Forget his bravado – the company has huge problems and is fast becoming a ward of the state.
True shareholder value: maybe a buck
NEXT: Zombie Stock #3 – Citigroup
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