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Article: The Talbots roller coaster
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 13, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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At this time a year ago, anyone who had the misfortune of owning
stock in Talbots Inc. was about to watch that investment go into the
kind of nose dive that usually ends with a fiery crash.
Shares of the Hingham-based retailer had already fallen from a
peak above $15 to about $10 in less than a month. The plunge to come
would drive Talbots stock to a low of $1.19 during Christmas
shopping season in early December.
Of course, the entire stock market seemed to be in a free fall
late last year. In the midst of the broad market plunge, shares of
retailers that depend on a healthy economy were especially punished.
Businesses that work in specialty retail niches were hit even
harder. Companies ...