Stockwatch: Issue 350 21 Nov 2008
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Air Transport, Bus, City/Shares, Rail, Arriva, First, Go Ahead, National Express, Optare, Other, Stagecoach, All of UK
National Express stock plunges 10% into the red
Despite share buying spree by chairman David Ross, National Express drops to new 52-week low
It was another fortnight of woe unfortunately for our portfolio of transport stocks, with National Express most exposed with a 10% slide in its stock price.
But with all of the Big Five now trading at roughly half their 52-week highs, it would be easy to suggest there could now be one or two bargains for the plucky long term investor.
As mentioned, National Express well and truely slid into the red with 10% wiped off the value of its stock over the period, closing at 527.5p. This came despite...
