In the months following their 1996 initial public offering at $15, American Residential Services stock rose steadily to an all-time high of $28 plus change.
Nowadays those folks ooze the blues more than B.B. King. At this writing, ARS was hovering around $3 and hasn't topped $4 in recent memory. The chieftains who got ARS into this pickle were jettisoned with their golden parachutes, but in Wall Street's judgment nothing much seems to have changed - and what other judgment matters when you choose to live by that sword?