HTC Trading Below Cash Leaves Smartphone Brand With No Value – Bloomberg Business

HTC Trading Below Cash Leaves Smartphone Brand With No Value

A 60 percent plunge in HTC Corp.’s stock this year pushed its market value to below its cash on hand. That means investors were effectively saying the smartphone maker’s brand, factories and buildings were worthless.

http://www.bloomberg.com/news/articles/2015-08-10/htc-trading-near-cash-leaves-a-smartphone-brand-with-no-value?mkt_tok=3RkMMJWWfF9wsRonva7IZKXonjHpfsX54uwkXLHr08Yy0EZ5VunJEUWy2oIJRNQ%2FcOedCQkZHblFnVQNSq29Wq4NqaML