Fortune (December 31)
“Tesla Inc. shares have fallen so far, so fast that some individual investors are piling in.” but the company still faces “mounting challenges” and remains expensive. “Even after this year’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 has left it with stock-market value of $389 billion, more than Toyota Motor Corp., General Motors Co., Stellantis NV and Ford Motor Co. combined.”
Tags: $389 billion, Electric car, Expensive, Ford, GM, Individual investors, Market value, Mounting challenges, Stellantis, Stock, Surge, Tesla, Toyota
Boston Globe (May 18)
“Some complain that the annual shareholder meeting is a vestige of the old days, a tradition whose time has expired in the era of Skype and webcasts. Others insist it’s the last remaining forum for individual investors in publicly traded companies to sit in the same room as a business’s executives and directors.” Despite the efficiencies, “only about 200 out of 10,000 publicly traded US companies hold so-called virtual stockholder meetings.”
Tags: Complain, Directors, Executives, Individual investors, Shareholder meeting, Skype, Tradition, Virtual stockholder meetings, Webcasts
New York Times (July 11)
“With two bad rules adopted on Wednesday, the Securities and Exchange Commission has all but invited hucksters, rip-off artists and other bad actors to prey on individual investors. The new rules are another disturbing sign that under the leadership of the new chairwoman, Mary Jo White, the S.E.C. will pursue deregulation at the expense of investor protection.”
New York Times (July 18)
Continuing reports that “big investors systematically receive early word of important company developments” is an unwelcome development for everybody. “The result will be a less robust market, a less robust economy and a less wealthy society, as individuals are unable to mass the sums needed for retirement. But until the stock markets are restored to health — with rules and protections that are clearly understood and enforced — individual investors have reason to be wary.”
