E-40 Suffers From Falling Value Of Microsoft Stocks
Rap veteran E-40 is reviewing his stock market options after losing money from shares in software giant Microsoft and his fast food chain Fatburger.
The rapper, who began trading on Wall Street 14 years ago (95), admits he has been hit by the downturn in the global economy and the stock market crash last month (Dec08).
He's disappointed with the losses he's suffered from his shares in Microsoft, telling the Los Angeles Times, "I was sitting there waiting for something, but it just didn't unfold for me. Apple, now that's what I should have got."
E-40, real name Earl Stevens, is also eyeing stocks with chicken wing specialists Wing Stop, after he was forced to close a Vallejo, California branch of Fatburger.
He adds, "I'm moving on from Fatburger because it didn't really take off like it did in Southern California. I'm moving to Wing Stop... That's where it's at."