Some of the best known publicly traded companies in the world have stocks that will never reach their all-time highs again. Many of them are not troubled firms. In a number of cases, they simply do not grow as rapidly as they did in the past. Alternatively, they may have had one or two catastrophes that badly damaged their fortunes. Microsoft is an example of the first case; Citigroup of the second.
24/7 Wall St. put together a list of ten extremely well-known companies whose share prices have already reached their peak. We have also given an explanation of what would have to happen, in the most remote of cases, to push the shares of these companies back to their former highs. These cases are merely speculative, and serve only to give an indication of why the best days of the firms are behind them — at least as far as share price is concerned.
This article is really about what it was like for Google to overtake Yahoo! — because of better products and more rapid growth — only to be overtaken itself by a competitor like Facebook, which dominates the time people spend online. We have looked at what it is like to be Ford in an age when U.S. car companies had the lion’s share of the domestic market before the success of Japanese companies, and before bloated labor costs and a recession ate away their profits.
This is 24/7 Wall St’s list of Ten Companies That Will Never Trade At Their All-Time Highs
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