It has been amazinig to me how many market leaders in their own sectors are now under $10/share. A brief list as follow:
- Starbucks ($8.61): Undoubtedly the king of coffee.
- Las Vegas Sands ($6.11): Its owner once the 3rd richest man in the US.
- Citigroup ($9.53): Once the largest bank on earth.
- Corning ($8.91): Still the largest glass manufacturer of LCD panels in the world.
- Macy’s ($7.52): The department store in every mall.
These are only a few, not evening mentioning companies in high tech industry, home building, insurance, etc. Of course, there are those that are already bankrupted or nationalized such as Lehman brothers, AIG, Fannie Mae, Freddie Mac, etc.
