Huge share price fall

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Earlier this month, Gym corporated, the treadmill maker, replaced its CEO. In the year prior to the firing, Gym stock price fell from $154 to $24 per share, resulting from product liability and related issues. Given the huge share price fall and the company's weak prospects, does it make sense now to take a short position in the shares? Explain.

Reference no: EM133120635

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