Wall Street's beloved company, adored by many investors, went from trading at $90 to as low as 26 cents and declared bankruptcy! Everything happened in less than a month. Causing billions of dollars to be stolen, thousands of jobs lost, dozens of convictions, and one suicide.
The name of the company is Enron Corporation.
In this episode, we are going to be discussing the Rise & Fall of Enron Corporation.
1. How did this company, with a market cap of $65 billion dollars, the 7th largest publicly traded company in the US, go bankrupt?
2. How did they manage to fool the public and regulators?
3. What can we learn from this incident?
4. And how can we avoid investing in fraudulent companies like this?
Check out this episode to find out more!
Also, for more info about Delugne Investing, check out Delugne.com to find out more!
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Source:
2. Enron Scandal: The Fall of a Wall Street Darling
