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specutator

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specutator

Re: A deleted message

Thursday, 05/28/2015 11:58:00 AM

Thursday, May 28, 2015 11:58:00 AM

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Apple was (considered)penny stock in 70's!

I hear that a lot when someone defends a diluting penny stock like FPFI.

Here's the facts:

Apple, Inc. stock IPO created 300 millionaires 33 years ago today. Apple's initial public offering on December 12, 1980 sold 4.6 million shares at $22 each, generating more capital than any other iPO since Ford Motor Company in 1956 and instantly creating 300 millionaires.

Apple was never a penny stock like FPFI!

You may see charts of successful companies that show the pps as a penny stock, but they don't show the forward splits that modified the chart to get there.

My posted comments are only my considered opinion based on the reality as I see it. Your reality may be different.

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