CGG's stock price from $2000 in 2008 to $0.51 now. It is a garbage stock
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I bought stocks from this company in 2014 after the price plunged significantly to a low level. I thought it was a good deal at that time and I would be able to make good cash on my investment. Unfortunately, I was wrong and the price kept going down until it became worthless (few $). To be more specific the loss since I bought the stocks is 99.34% (highlighted in red).
That's what penny stock does ...
share price has doubled :O
Garbage company, garbage management and garbage managers.
What happened? Fugro won and CGG lost back in 2012 when CGG took on too much debt, too much risk and failed miserably at consolidation, management and leadership.
Garbage company