Bankia Stock Value Is Nearly Wiped Out Under Recapitalization Plan - NYTimes.com
At its IPO in 2011 its stock value was 3.75 Euros a share. Today, it is 1 cent a share.
If a person had bought 100,000 Euros worth of Bankia Bank shares at its IPO, today that is worth 267 Euros.
Look at Bankia Bank's headquarters building in Spain.
The two wings of Bankia Bank look like they are falling to the ground, with a sharp edged object cutting through the middle space.
Maybe they should have believed in Feng Shui. Never say never.
Photo credit: Bloomberg