Cruiser/Lerxst: It all depends on what the meaning of the word "is" is! You are both correct, I am sure, re the high price for Bay at almost $50 in 11/95. But that, unfortunately, is not my reference point. Since I got Bay stock as a transfer from my SNPX stock, I have to factor in the .725 ratio for my shares(WFLT shareholders need no adjustment since they got Bay 1:1).
For me, the high on SNPX was about $128 in 5/93(followed by a 3:1 split in 7/93), giving an adjusted price of just under $42. Doing the math, my Bay price becomes: $42 divided by .725= $58. Now, my NT price therefore becomes: $58 divided by .600= $96+. It is getting kinda late and there is a tornado watch where I am, so maybe I am getting sloppy with my math, but it does appear that the original SNPX shares have another $20 to go yet to be where they were nearly 6 years ago. I've still made a lot of money in this company's stock, but unfortunately, I made nearly all of it from 1/89-5/93.
I promise not to dredge up this old stuff anymore. It is too depressing and means nothing to most of the current NT shareholders. That is the problem with getting in on the ground floor of a stock; it sometimes gives you too long a memory.
For now, I hope to just enjoy the ride.
Paul |
