03-04-2013, 11:37 PM
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#7
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Supporter
Join Date: Apr 2001
Location: Tucson, AZ
Casino cash: $9817493
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Quote:
Originally Posted by Rain Man
On December 21st I was looking for a stock to buy with some extra cash, and I liked Heinz, the ketchup company. It's pretty stable and pays a nice dividend, and I've really liked dividend stocks the past few years. So I bought $5,000 worth. It's gone up a couple of percent over the last couple of months, and I've been good with that since that's a very good annualized return so far.
Today it was announced the Berkshire Hathaway is buying Heinz. The stock is up 20% today. Blammo. I sold out my initial $5,000 worth, left the profit in, and I now have $1,200 of free Heinz ketchup stock for two months of investment.
God, I love America.
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So how does one buy $5000 worth of a stock that costs $152,955.00 per share?
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Posts: 24,800
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