11-20-2008, 05:53 PM
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Administrator
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One third of S&P 500 firms are no longer big enough to be on the index
One hundred and one.
No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share.
In fact, $10 would get you 10 shares of online broker E*Trade (ETFC.O: Quote, Profile, Research, Stock Buzz), now the cheapest stock in the index at 98 cents a share. At the other end of this low-ball spectrum you can get a small slice of the garbage business with a share of Allied Waste (AW.N: Quote, Profile, Research, Stock Buzz) at $9.90...
Over 100 U.S. blue chips now selling for under $10 a share | Reuters
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