Today there were four noticeable falls in the NYSE; K-V Pharmaceutical Company,
General Maritime Corp, Office Depot, Inc and Camelot Information Systems Inc.
After the sale of Nesher Pharmeceuticals to Zydus Pharmeceuticals, K-V suffered
a predictable decline in share value, given that it has sold its packaging, lab,
distribution and equipment arm, losing 22.99% of its value over the course of
the 11th August. For those who pulled out before the sale was completed whether
they intend to reinvest if its 50-day low ends in the near future or have
already sent the cash into work at Bullion Vault or on the FTSE or NASDAQ some
relief will be most evident. General Maritime has suffered a consistent decrease
in value that totals a considerable 88.39% value decrease since late June, and
seems to have fallen even further with its shares opening at $0.60 and closing
at $0.46. Office Depot has been hit with a fall that, although smaller than
General Maritime, seeing a decrease in share value of around 35.64% over the
last fifty days, with shares opening at $2.96 and closing at $2.60. Camelot
Information Systems lost $1.52 in share value over the course of the day,
bringing them down 14.94%. There have been a considerable number of falls in
recent years, obviously due in part to the recession, but many of these
companies are also still making decisions unpopular with their shareholders in
the current climate an action which may not be very wise given the shareholders
penchant to simply retract funds and invest elsewhere, which in the American
economy of 2011 is the worst case scenario for any large company. Hopefully all
four will recover, as K-V are still in contact with Zydus following the deal and
seek to profit from that ongoing relationship.
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