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tdp2664 E money daily 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 shareholder’s 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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