Not quite. wnbd was Down 15+% today ,,,
while the S&P-500 was 'only' down ~6% .
And , from their highs in 2008 ;
wnbd is now Down ~90% , while the
S&P-500 is 'only' down ~45%.
[Google + Microsoft are down even more this year : But are
~90+% sure to at least double , back to near or above their
old/recent highs for 2008 , probably within 5 years.]
That's the good news , for wnbd.
The bad news , for All pinks , is that 90+% of All of them
lose 90+% per year , Every Year , ever since pink statistics
started being collected [~25 years ago]. And, 90+% of All
pinks quit 'trading' within 3 years [usually due to BK].
In those 3 years, every $1,000 'invested' long , drops
to $100 , and to $10 , and to $1 ; so it really does not
even matter if the pink goes away , or BK. However, wnbd
has that extra 'Secret Share Structure' problem ; which is
Really The Biggest Risk for any long who buys + holds ,
and keeps averaging down.
While the average S&P-500 stock goes Up , an average of
~8% per year [since the early 1920's , Before the 1929+
Real Stock crash] ; and, the average S&P-500 Real Stock
even pays an Additional 2+% Cash Dividend , for a total
compound annual growth rate of 10+% per year , Including
All crashes + Depressions + Recessions.
This coming year , the average S&P-500 Dividend will be
Over 3% , based on today's much lower real stock prices ,
even if half of the 500 Companies reduce their Dividends.
extra , Sincerely .
P.S. ; Anyone 'investing' in wnbd , for 'safety' ,
or 'growth' , or to 'beat the S&P-500 , in any future year ,
had better be betting 'play money' , or shorting.
Especially at today's S&P-500 prices. History shows that
the S&P has a 90+% chance of 90+% 'recovering' from any
'crash' within 3 years. If so, the S&P should rise ~64% ,
within 3 years , from today's prices. That's a compound
annual growth rate of ~18% per year , for the next 3 years ;
Plus the ~3% Average Annual S&P Dividend. While pinkys
just keep losing ~90% per year , as always , in good times
or bad. [The above Facts are available as links on the SEC's
.gov website ; and the data sources were research studies ,
conducted by Top-Notch World-Wide Universities.]
Averaging-down is profitable, for shorters, only.
