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Strategies & Market Trends : Value Investing
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Mattyice
To: E_K_S who wrote (55313)5/12/2015 2:30:26 PM
From: Shane M1 Recommendation  Read Replies (1) of 78958
 
Hi EKS,

I own a whole 5 shares in STRL company and it's my longest held stock - and sortof a cool story behind it. I didn't even know I owned it for many years until they tracked me down a few years ago. When I was young, definitely middle or early high school, I took my lawn mowing money and bought some shares of retailer Heck's which was in process of getting wiped out by WalMart. (I didn't know that at the time, I just thought it was cool to own part of something where I could go shop. Plus I liked their signage!) This would've been early to mid 1980s. I thought they just went bankrupt and that was that - but years later I get a letter telling me I have 5 shares of STRL and it was from that account my dad had to set up for me because I was too young to have my own account. I think it had to be something leftover from that Heck's bankruptcy because I'd sold everything else and moved on long ago. From what I can tell, it looks like sterling ended up buying a part of a subsequent bankruptcy of another company that arose from what was leftover from Heck's.

getfilings.com

Anyhow, I can't even afford to transfer it to my broker because it's worth less than the fee to transfer it. So I just keep getting this mail directly from the company, big thick printouts of shareholder material, because of my 5 shares. I know they've spent more on postage than my shares are worth. I keep thinking they may one day do a reverse split that liquidates me, as that's the only way I'll probably ever sell, and it'd probably save them some money in postage imho.
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