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Strategies & Market Trends : Don't Drink the Kool-Aid Kids

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To: Stoctrash who started this subject	1/14/2002 7:23:15 PM
From: AugustWest	Read Replies (1) of 1063

Looks like the bottom of the 9th for KM. Kmart Shares End at Lowest Since Oct. 1967 By Anna Driver CHICAGO (Reuters) - Shares of Kmart Corp. (NYSE:KM - news) on Monday ended at the lowest level in more than 34 years after another round of cuts to the discount chain's debt ratings provoked additional worries about the company's finances. After trading as low as $2.57, or off 22 percent, the stock recovered to end down 46 cents, or 13.94 percent, at $2.84 on the New York Stock Exchange. More than 28 million shares changed hands, making it the most actively traded stock on the exchange. Kmart's stock, which is down 40 percent since Jan. 2, has been hammered in recent weeks by debt downgrades, the suggestion of bankruptcy by Wall Street analysts and an earnings warning. dailynews.yahoo.com

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