Microsoft Shares Climb 34% in 2013

CommanderFrank

CommanderFrank

Cat Can't Scratch It
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May 9, 2000
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Who says Steve Ballmer wasn’t good for Microsoft? According to Wall Street, the resignation of CEO Steve Ballmer has helped drive the Microsoft stock up 34% in 2013. Too bad he is a one trick pony, only one resignation to a CEO, please. :D

Ironically, some of the boost to Microsoft's share price came from Wall Street's favorable reaction to Ballmer's retirement plans.
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Microsoft shares had already seen this rise before Ballmer announced his resignation.
 
pankkake said:
US stocks are generally vastly overvalued. Quantitative Easing FTW.
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Yep, all that money they keep dumping into the economy has to go somewhere.

However, 34% is better than the average for 2013, plus they still pay a decent dividend.
 
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