Wednesday, January 14, 2009

Royal Bank Of Scotland Still In A Wee Bind

Back in November, I had a good time publicly mocking the Royal Bank of Scotland for postponing their inevitable collapse via a 20:1 reverse stock split.

True to form, they continue their slow, stately death spiral, hitting a new 52-week low today at $11.93. That would have been 59-cents pre-split. So much for the ancient adage that "if it's nawt Scottish, it's crap."

**The content contained in this blog represents the opinions of Mr. Distad. This commentary may contain forward looking statements and definetely contains sarcasm and rude sentiments. This commentary in no way constitutes a solicitation of business or investment advice. If you're looking for stock picks from me, look somewhere else. Really, what were you thinking? If you came here because you were trolling Google looking for someone to help you get rich in only twenty minutes a month, you need to seriously re-evaluate your worldview. This blog is intended solely for the entertainment of the reader, and the author, and not neccessarily in that order.

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