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Shares of Credit Suisse fell on Friday and hit an all-time low. The reason: The big bank was supposed to present its annual figures on Thursday, but didn’t go that far as the U.S. Securities and Exchange Commission intervened. The publication of the annual report has been postponed. At the same time, bank stocks are under pressure towards the end of the week. As the agencies write, they are being thrown out of warehouses on a large scale.
The new low price of the CS is 2.41 francs. The cost of CS paper in 2021 is more than ten times: CHF 12.60. Blick tells you what you can afford for the current value of CS shares.
Organic wholemeal bread
An organic wholemeal bread at Coop costs 2.50 francs. Also, 2.20 francs, enough for a butter croissant at Starbucks.
Coffee
On the other hand, the budget for a coffee or espresso is no longer enough. An instant coffee costs 3.50 francs at both Migros and Coop.
Bottled water at the kiosk
Also, a bottle of water is not enough at the buffet anymore. A half-liter bottle of Evian at K-Kiosk costs 3.75 francs. You can still quench your thirst with your own brand, OK.–. For the value of a CS share, you can even get iced tea for CHF 2.40.
pack of gum
A large pack of chewing gum is also more expensive than the CS share: at Migros you pay CHF 2.90 for a pack of M-Budget chewing gum.
Kleenex Package
A pack of Kleenex tissue paper at Migros costs 2.90 francs. Considering the CS course, blowing your nose is already a luxury.
Pen
There is not enough money for a ballpoint pen from Schneider. At the Müller pharmacy it’s 2.75 francs.
toothpick pack
Even clean teeth are expensive. A pack of toothpicks at Coop costs 2.95 francs. Depending on the brand, you can buy a toothbrush for the price of a CS stock. But high demands are not included.
toilet brush
Not even enough for a simple toilet brush. The cheapest type of plastic is already 2.90 francs at Migros.
Bus ticket from Lucerne train station to the Swiss Transport Museum
The journey from Lucerne train station to the nearby Swiss Transport Museum costs CHF 2.50 per adult. A return ticket is no longer possible.
Admission to Badi – for kids
In some places, CHF 2.50 is sufficient for a single entry to the pool, even for children only. At Badi Uster you pay 2.50 francs.
Now you are spoiled for choice: will you buy CS shares or a pack of Kleenex? Everyone must decide for himself where the money is better invested.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
