leaky cheaky your nothing special your just a TRON re-incarnate.
the 60's ushered in the transistor and the electronics revolution,
IT DID CHANGE EVERYTHING,
and among other things allowed us
to put a man on the moon.
when's the last time you heard a tron
in the name of a nyse or nasdaq stock?
forbes.com
"Tronics boom" of 1959-1962
With the dawn of the space age, every electronics stock
suddenly took off like a rocket on Wall Street, reaching valuation
levels not unlike Internet stocks today. And just like a "dot com"
can help an obscure offering surge into the stratosphere today,
the key to a stock?s success could often be found in its name in
the 1960s as well.
"I call it the ?tronics? boom because these soaring stocks usually
had some form of ?tron? or ?tronics? in their name," says Malkiel,
citing such "trons" as Astron, Dutron, Vulcatron and Transitron
and "onics" like Circuitronics, Supronics and Videotronics, as
well as one company that, for good measure, put together the
winning combination Powertron Ultrasonics.
Then, like now, the demand was huge but the IPOs were
relatively thin, so that stock prices would soar at the launch.
Investors argued that "tronics" stocks couldn?t be valued
according to traditional methods because they represented a
whole new era of the economy that was nothing like the past.
Promoters entered the stage to talk the stocks up further. As a
result, stocks soared to multiples of 50, 100 or even 200 times
earnings.
But in late 1962, "tronics" stocks and other growth issues came
crashing down in a massive sell-off. |
