Personal Finance and Investing

Stuart G

(38,726 posts) Sat Jul 24, 2021, 11:43 AM Jul 2021

Stange stock that has gone up 10 times in 10 years...

Last edited Wed Aug 11, 2021, 04:42 PM - Edit history (1)

On May 9, 2009 it was about $24.00 a share..

Today...$240 a share.....can you guess? Not some computer stock..
that is a hint...any ideas at all?......
__________________________________________________________________

Not a car stock...NO. NO.

Not some fancy do dad..that does this or does that?...(not fancy at all)

Not an electric stock, oh no..

Ain't new...quite old I think, been around a long time...

Has many uses...and is relatively cheap..

Yes most of us have used it...and it works well...

Still don't know...One more: Made in the U.S.A.

Oil based...I think....still don't know?>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>|
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Ok..WD - 40....the stuff that loosens up locks that are stuck..(other uses too) stuck zippers..etc. amd
yes, you can check this out in the internet...not making it up..how can you make this stuff up?...I got it
at ...$95.00...some time ago....(don't know when)...I said to myself..what about this stuff,,is there a
stock for it? (after using it for something)..I looked it up and yes there is a stock for it, so I bought some.
100 shares (after looking it up).....An American company based in California..that idea said to me, yes
one of ..."our companies employing people in California U.S.A....I like U.S.A. based companies..

8 replies

= new reply since forum marked as read

Highlight:

Stange stock that has gone up 10 times in 10 years... (Original Post) Stuart G Jul 2021 OP

we have stock in a paint company. i told hubby it wasnt sexy, but it just keeps going up! samnsara Jul 2021 #1

Some stocks that have gone way up..aren't sexy at all.. Stuart G Jul 2021 #2

I'm waiting for my new JD tractor to ship RainCaster Jul 2021 #3

It's all about earnings, and 5% of the companies make 95% of the earnings bucolic_frolic Jul 2021 #4

Kroger's is another one bif Aug 2021 #5

1909 was 112 years ago. PoindexterOglethorpe Aug 2021 #6

Yes it was, so I made the change...Thank You for the observation of my error.. Stuart G Aug 2021 #7

Okay. PoindexterOglethorpe Aug 2021 #8

samnsara

(18,282 posts)

1. we have stock in a paint company. i told hubby it wasnt sexy, but it just keeps going up!

Reply to Stuart G (Original post)

Sat Jul 24, 2021, 11:49 AM

Jul 2021

...people want to unstick stuff and get rid of the squeak that you only became aware of cuz we were stuck inside for a year and DYI went up during the pandemic.

Stuart G

(38,726 posts)

2. Some stocks that have gone way up..aren't sexy at all..

Reply to samnsara (Reply #1)

Sat Jul 24, 2021, 11:54 AM

Jul 2021

John Deere Tractors ain't sexy..are they?...hardly...I bought it because it is an Illinois company & has
HQ in Moline Illinois, and employs union workers. (factory in Kentucky) It has gone up a lot too..Not all
John Deere tractors are made in U.S.A. but many are..

You can find the list of where Deere tractors are made at this link:

https://allamericanreviews.com/john-deere/

Who knows?.....I don't know nothing...:

RainCaster

(11,543 posts)

3. I'm waiting for my new JD tractor to ship

Reply to Stuart G (Reply #2)

Sat Jul 24, 2021, 01:03 PM

Jul 2021

Some time in August they say. Still don't have a serial number, so it isn't near to ready yet.

bucolic_frolic

(46,971 posts)

4. It's all about earnings, and 5% of the companies make 95% of the earnings

Reply to Stuart G (Original post)

Sun Jul 25, 2021, 10:40 AM

Jul 2021

The list of stocks that have rocketed .... I don't know when I tracked them ... but have you noticed ....

HD Home Depot
LOW Lowes
TGT Target
NKE Nike
MCD McDonalds
WMT Walmart

And that's not to mention the obvious, FAANG stocks, MSFT TSLA. Earnings compound, so the high fliers fly higher.

With the market at all time highs, there is a growth industry of articles 'What to buy in a crash'.

Please indulge my NKE tale. About 1981, I bought my first Nikes. At a Macy's subsidiary, on sale, $18.99. Prussian Blue in satin, suede, tan waffle bottoms, racer stripe. Somewhere I saw a pair with a silver swoosh, but could never find a pair to buy.

NKE at that time was about $8.00 a share as I recall, or it might have been after the '87 or dotcom crash. Also recall Best Buy BBY at $8, about 2000.

Don't know how many times NKE has split.

But I will say no one in my house, or my family, or me, knew enough in 1981 to rush to the broker and salt away 100 shares. Could retire on that today.

Another play would have been to buy 20 pairs of NKE waffle bottoms. New today they go for about $250 on eBay.

I left real money on the table over my life.

Don't let it happen to you. The growth is in great companies with earnings. Even Robert Kiyosaki knows you can use stocks instead of real estate. Rent them out with options, just like leasing an apartment.

I'm making my list and checking it twice!

bif

(23,971 posts)

5. Kroger's is another one

Reply to Stuart G (Original post)

Sat Aug 7, 2021, 03:50 PM

Aug 2021

Boring, sure, but look at the chart!

PoindexterOglethorpe

(26,727 posts)

6. 1909 was 112 years ago.

Reply to Stuart G (Original post)

Tue Aug 10, 2021, 03:35 PM

Aug 2021

So to go up tenfold in that length of time seems reasonable. And wouldn't even have kept up with inflation over that time period.

Although perhaps you meant 2009?

Stuart G

(38,726 posts)

7. Yes it was, so I made the change...Thank You for the observation of my error..

Reply to PoindexterOglethorpe (Reply #6)

Wed Aug 11, 2021, 04:42 PM

Aug 2021

PoindexterOglethorpe

(26,727 posts)

8. Okay.

Reply to Stuart G (Reply #7)

Thu Aug 12, 2021, 12:53 AM

Aug 2021

Excellent. Thank you for the change.

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