By the way, if you get the chance to return to October 9, 1998, then I’d suggest you pick up a few shares of Green Mountain Coffee Roasters (GMCR). The stock closed that day at $3-7/8 (remember fractional pricing, blah).
Since then, GMCR (the #1 stock of last decade) has split four times; twice 3-for-1, a 2-for-1 and a 3-for-2 which comes to a grand total 27-for-1. That means we can adjust that $3-7/8 down to 14.35 cents.
The stock is up to $62 today on the news of a deal with Starbucks (SBUX) which I believe is some sort of coffee chain. So that’s a nice 43,000% profit for you.
No comments:
Post a Comment