Opus Penguin wrote:
jim wrote:

Opus Penguin wrote:

Keith KC8TCQ wrote:


If you had purchased $1000.00 of Nortel stock one
year ago, it would now be worth $49.00.


Wrong!

http://finance.yahoo.com/q/bc?s=NT&t=1y

If you bought $1,000 of Nortel 1 year ago, you would have $2,750
today.



With Enron, you would have $16.50 left of the
original $1,000.00.


Wrong. Enron went belly up. You would write off the loss on your
taxes, and the US Government would have eaten $400 of the $1,000
loss, and additionally you could have used the loss to write off
offsetting gains in other dividends. Maybe not on your 1040EZ,
but on a real 1040.




With WorldCom, you would have less than $5.00 left.


Wrong. My MCI stock added me to a class action suit. Everyone with
stock is in this class action. Expect the suit to yield about 40
cents on the dollar, and as above you would have already written
off the loss to offset other gains.



But, if you had purchased $1,000.00 worth of Bud
(the beer, not the stock) one year ago, drank all the
beer, then turned in the cans for the aluminum
recycling price, you would have $214.00.


Wrong. A 12 pack of Bud is about $7.99, plus can deposit (you pay
it up front) and tax. That will yield you about 1,200 cans of
beer. Since a can will get you back 5 cents, that is $60 in
returns. Bulk aluminum is about 10% of what you can get by
returning the cans to supermarkets, so that would return $6 to you.



it was a tongue in cheek post to begin with...


It would have been funnier of the numbers were not so completely bull****.
IMHO, of course.

those numbers may have been relevant last year. My company's stock was
trading around two then and just hit 18 recently. the options they
granted were most welcome...

"jim" wrote in message
...


Opus Penguin wrote:
jim wrote:

Opus Penguin wrote:

Keith KC8TCQ wrote:


If you had purchased $1000.00 of Nortel stock one
year ago, it would now be worth $49.00.


Wrong!

http://finance.yahoo.com/q/bc?s=NT&t=1y

If you bought $1,000 of Nortel 1 year ago, you would have $2,750
today.



With Enron, you would have $16.50 left of the
original $1,000.00.


Wrong. Enron went belly up. You would write off the loss on your
taxes, and the US Government would have eaten $400 of the $1,000
loss, and additionally you could have used the loss to write off
offsetting gains in other dividends. Maybe not on your 1040EZ,
but on a real 1040.




With WorldCom, you would have less than $5.00 left.


Wrong. My MCI stock added me to a class action suit. Everyone with
stock is in this class action. Expect the suit to yield about 40
cents on the dollar, and as above you would have already written
off the loss to offset other gains.



But, if you had purchased $1,000.00 worth of Bud
(the beer, not the stock) one year ago, drank all the
beer, then turned in the cans for the aluminum
recycling price, you would have $214.00.


Wrong. A 12 pack of Bud is about $7.99, plus can deposit (you pay
it up front) and tax. That will yield you about 1,200 cans of
beer. Since a can will get you back 5 cents, that is $60 in
returns. Bulk aluminum is about 10% of what you can get by
returning the cans to supermarkets, so that would return $6 to you.



it was a tongue in cheek post to begin with...


It would have been funnier of the numbers were not so completely
bull****.
IMHO, of course.

those numbers may have been relevant last year. My company's stock was
trading around two then and just hit 18 recently. the options they
granted were most welcome...


Agreed, my PG just split for
the third time since I bought it in 96.

Landshark


--
Treat people as if they were what
they ought to be and you will help
them become what they are capable
of becoming.

Agreed, my PG just split for

the third time since I bought it in 96.

=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0L andshark
_
I'm too lazy to look it up..Proctor and Gamble or Pacific Gas (and
light)? Three splits? Whattya got? A crystal ball? Right on!








-

Treat people COOL

"Twistedhed" wrote in message
...
Agreed, my PG just split for

the third time since I bought it in 96.

Landshark
_
I'm too lazy to look it up..Proctor and Gamble or Pacific Gas (and
light)? Three splits? Whattya got? A crystal ball? Right on!


Procter & Gamble. Nah, just lucky. I tried
Ralston Purina, that was a bust, among others, it's
all just legalized gambling anyways.


--
Hard things are put in our way,
not to stop us, but to call out our
courage and strength.







-

Treat people COOL

From: (Landshark)
"Twistedhed" wrote in message
...
Agreed, my PG just split for
the third time since I bought it in 96.
Landshark
_
=A0=A0I'm too lazy to look it up..Proctor and Gamble or Pacific Gas (and
light)? Three splits? Whattya got? A crystal ball? Right on!
-
=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0Pr octer & Gamble. Nah,
just lucky. I tried Ralston Purina, that was a bust, among others, it's
all just legalized gambling anyways.
-


I hear ya'! Blue-chip, household names, long-term approach, buy it and
forget about it......although there is this tiny little company here on
the peninsula known as Jabil Circuit that has made millionaires of many
bay area denizens.