What if I had kept my best (haha-joke) long stocks from 1987?
Gibralter Savings- In at $14, out at $13 - Bankrupt (paid 12% div)
Midway airline In at $14 out at $9- Bankrupt (paid 12% div)
ATT in at $20, out at $55 It was $42 in '87, $11 today
PSD $5 , now $20 Hmmmmmmm a winner Paid 12% div, then less )
Standard Brands Paint ( A Bass brother venture) $15, bankrupt -today is 0.0001
Standard Products- Cant find it-bgt out
AAR Was $7, now is $6
F was $8, now $12
Southern Indiana Gas Cant find it, bgt out
Bay State Gas - Cant find it , bgt out
WECO Cant find it ( part of PSD, I think)
So after 15 years of holding these 11 stocks:
!. Three will go bankrupt
2. Four will disappear
3. The remaining 4 would have cost a total of $62 in 1986, and are worth $43 today
(Thats F, T, PSD< and AAR)
Sig
Meanwhile in 15 years the Dow went from 2300 to 8800 and the Nas from 400 to 1376 |
