Jul 162004
Much to The Wife’s dismay, Martha will likely face sentencing and head to prison tomorrow. The following bit of info from the CNN article is even more painful:
And, in a bittersweet coda to the saga that began more than two years ago, consider this: ImClone stock closed at $80.30 per share, up from the average $58.43 that Stewart got when she dumped her shares, reaping about $228,000.
Had Stewart held onto her ImClone stock, it would now be worth about $315,000.
So, that’s another $100k she’s theoretically lost in addition to what it’s cost her in legal fees and lowered stock price of her company since all of this began. Yikes.