Is there really such a thing as a safe stock? When you buy a share, you own a tiny piece of a business, and any business can develop problems no one suspects.
Consider Enron, a consistent money-maker in energy trading, which went from $90 a share to 26 cents in a little over a year. Or Sears, once a solid retail giant and now reduced to just a handful of stores. Eastman Kodak, Polaroid and Blockbuster were all solid citizens that went bankrupt.
