Great sports franchise, bad investment… It costs $250 a share, pays no dividends, benefits from no earnings, isn’t tradeable and has no securities-law protection. Although the offering document calls the shares “common stock,” they confer almost none of the advantages of a traditional stock. The document warns that buyers “should not purchase common stock with […]
Tag: stocks
Beer and Investing
I normally don’t post jokes, but my sister sent me this and I thought it was quite appropriate for the times. If you had purchased $1,000 of AIG stock one year ago…you would have $42 left. Lehman Bros… $6.60 left… Fannie or Freddie… You would have less then $5 left. BUT, If you had purchased […]