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Palm now worth nothing

– March 20, 2010Posted in: Analysis, Palm, financials

Woof. Analysts have placed a sell rating on Palm and are now valuing their stock, at least in hyperbolic terms, at $0. Quoth CNN:

Shares of Palm (PALM) plunged 19% to $4.59 a share early Friday, a new 52-week low. Investors are becoming increasingly pessimistic about the company’s future and several analysts downgraded their positions on the stock to “sell.” Two analysts even lowered their price targets to $0.

Josh Topolsky has some advice for a turnaround but I don’t think even that sprightly elf-man can help this company in distress. The dream, as they say, is dead.

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Tags: Cnn, Elf, Investors, Palm, Price Targets, Shares, Stock, Turnaround

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Palm now worth nothing

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