HTC continues to sink, according to recent Bloomberg reports

Wow. The amount of bad news keeps piling up for HTC, and I honestly can’t remember the last time I heard something negative about any of the other major smartphone manufacturers. Either HTC’s PR department is that bad, the other manufacturers’ PR departments are that good, or HTC is really that bad of a company.
Anyway, here’s a handy little chart for you to check out. As you can see, HTC has followed Blackberry’s path to doom. Here are some stats from Bloomberg:
-HTC is currently valued at $3.8 billion, down from $37 billion at the peak. Its stocks are at an 8-year low as of Sept. 9.
-HTC forecasts its eighth straight quarterly drop in sales
-HTC trades at 1.4 times net assets, almost triple the 0.5 level of Blackberry
-HTC is ranked 1.6 out of a possible 5, the lowest of more than 500 listed tech companies
Dennis Chan, an analyst at Yuanta Securities in Taipei says that the price-to-book ratio of HTC is still too high for a merger or acquisition. He also noted that a comeback was nowhere in sight.
It looks like Iron Man isn’t saving anyone but himself on this sinking ship…
Source: Bloomberg