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K Mart stock

Discussion in 'Other Off Topic Forum' started by Meister, Dec 9, 2003.

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  1. Meister

    Meister F1 Veteran
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    Apr 27, 2001
    5,516
    Duluth, MN
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    The Meister
    #1 Meister, Dec 9, 2003
    I'd totally spaced out their troubles a few months ago but I just heard a sound bite that their stock is now in the mid $20's. Wasn't the stock trading for pennies a share just a few months ago? I guess it's yet another opportunity missed =(
     
  2. 134282

    134282 Four Time F1 World Champ
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    Aug 3, 2002
    40,647
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    Carbon McCoy
    #2 134282, Dec 9, 2003
    Hindsight is always 20/20, my friend...
     
  3. Evolved

    Evolved F1 Veteran

    Nov 5, 2003
    8,700
    #3 Evolved, Dec 9, 2003
    Fear not,

    The former shareholders of K mart got nothing. The current shares are newly isssued shares that most likely were given to bondholders after bankruptcy.

    The big miss of this past year would be Amazon.com It was under 10 bucks a share for a long time.
     
  4. Meister

    Meister F1 Veteran
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    Apr 27, 2001
    5,516
    Duluth, MN
    Full Name:
    The Meister
    #4 Meister, Dec 9, 2003
    Good, now I can sleep tonight
     
  5. Alxlee

    Alxlee F1 Rookie

    Apr 8, 2002
    3,697
    Wilmington, DE
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    Alex Lee
    #5 Alxlee, Dec 9, 2003
    Are you ever right. I put a few stocks on my list of stocks to watch on September 11ish, 2001.

    Amazon was then $7.09 a share. Closed today at $49.34.
    Yahoo was $9.98 a share, close today at $41.57.

    At that time either of those companies was a big risk.

    20/20 Hindsight.
     
  6. tiggs

    tiggs Rookie

    Nov 11, 2003
    32
    #6 tiggs, Dec 10, 2003
    AMZN is still high risk and overpriced. Still, my little pet stock has trounced AMZN in performance over the past year(or two or five) and its still undervalued. So I don't fell like I've missed any overrated dot.com's. Still, it'll be interesting to watch Google's IPO.
     

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  7. Evolved

    Evolved F1 Veteran

    Nov 5, 2003
    8,700
    #7 Evolved, Dec 10, 2003

    I read google is going to "auction off" their initial shares and cut out the traditional roadshow and investment banker tripe?

    Is this true>?
     

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