Forever is a long time, particularly in the stock market.
The Wall Street Journal archives are full of stories of companies that were once the toast of the town… only to fall into irrelevance or bankruptcy.
Enron, Lehman Brothers, BlackBerry (Nasdaq: BBRY) and JC Penney (NYSE: JCP) are all fine examples of companies that were once leaders in their respective industries.
Enron and Lehman Brothers are long dead, and BlackBerry and JC Penney are currently fighting for their lives and may not survive 2014. (more)
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