Arena subsidies in small towns: Update

In regards to my recent post on arena subsidies in smaller cities, Skip points out that it’s not only taxpayers who took a bath on arena projects sponsored by Global Entertainment Corporation. Stockholders haven’t fared very well either.

Shares of GEC, which sold at over $6.00/share in 2007, are currently trading at $0.05/share, a nice -99% return.

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Author: Victor Matheson

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