Ringing up big returns: After near collapse in '02, Brightpoint wows Wall St.

Three and a half years ago, Plainfield-based cell phone distributor Brightpoint Inc. was on the ropes. Shares were worth less than a dollar. The company had lost $53 million in 2001, and was on pace to lose another $42 million in 2002. Bankruptcy appeared imminent. But Brightpoint prevailed over the long odds against it. Today, company shares trade for about $30 each. Adjusted for stock splits, they've soared 125 percent in 2005, and nearly 8,000 percent since bottoming out in...

 

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