Aceto Plunges

Aceto (ACET), a New York-based chemical company, was a big winner for many years, but the stock has collapsed in the last three years.

The details of Aceto’s demise are unpleasant but it’s a good reminder of an old lesson: even the strongest companies can be undone. The market changes quickly and it can be unforgiving. ACET has dropped from $30 to $2 in three years.

Posted by on April 23rd, 2018 at 11:55 am


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