Rolls Royce - Going Bust or Going Nuclear?
The name has been associated with pioneering & innovation for over a century.
But their share price has been absolutely decimated by Covid-19...
It has plummeted this year to levels not seen since 2004.
('Plummet' is a word that's thrown around far too casually but in this case, it is genuinely appropriate).
Just look at that chart. 🤢
RR started the year just below £7 per share, and was as high as £11 in mid-2018.
So, what went wrong?
This year has been all about the virus and lack of air travel.
Since the 1980's RR