Thursday, November 20, 2008
Israelinvestor.com
  Home   Portfolio   Information Technology   Telcoms   Semiconductor   Healthcare   Security   Israel IPO   Israel ADR   OTC   All Shares
Community
 Our Mission
 Intelligent Investor
 Security Analysis
 Insider Trading
 CEO Compensation
 Joke For Today
 Walk with Israel
  Search On Site
Israel - Your NEXT best investment
Investing Wit and Wisdom

"One of the great dreams of man must be to find some place between the extremes of nature and civilization where it is possible to live without regret".
-- Barry Lopez

This Day In Financial Speculation History

Events
  1991 -- Cascade International Inc., a fashion chain near the top of BusinessWeek’s 1990 list of “hot growth companies,” announces that its chairman, Victor Incendy, has disappeared -- along with more than 200 of Cascade’s stores. Incendy had claimed that Cascade had between 255 and 400 outlets -- but in reality, there are fewer than 30. The company had reported earning $11 million the previous year; it actually lost $7 million. At its peak price of $11.62 in August, Cascade’s stock had been valued around $200 million; less than a year later, the incredible disappearing company’s stores are sold off for a mere $370,000. Incendy has never been found and remains an international fugitive.


Copyright © 2000-2008 IsraelInvestor.com All Rights Reserved.
Privacy Statement