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Re: Pleepleus post# 39027

Tuesday, 10/05/2010 11:07:43 PM

Tuesday, October 05, 2010 11:07:43 PM

Post# of 146240
Your math is wrong on GENZ.

The average price of GENZ in 1988, split-adjusted, was 2.60. Today it is at 71.00.

This is a 14% annualized compounded return (GENZ never paid dividends). This is good, to be sure, but not that good. One can do better shorting the NNVC's of the world. It's easy to find one NNVC per year. NNVC has fallen over 50% from peak to trough this year. 50% compounded is better than 14% compounded.
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