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Friday, 06/24/2005 3:24:37 PM

Friday, June 24, 2005 3:24:37 PM

Post# of 53980
Motley Fool says you won't be made a millionaire here:

But for the ultimate example, think Wal-Mart (NYSE: WMT).

In November 1980, Wal-Mart was trading at a split- and dividend-adjusted $0.01 per share. That's right, one cent. But let's be clear: The stock was selling at $50 per share then, so it wasn't ever a penny stock. In our opinion, it's actually nearly impossible to become a penny stock millionaire -- despite the mischievous title we placed on this article. No, the greatest stocks are those of real companies, with real earnings. Because of stock splits, some investors think you'll find the next Wally World searching among 30-cent stocks. You won't.

So what has Wal-Mart done since 1980 (a full decade after it went public)?

With the stock trading at about $47 as of this writing, it has risen more than 4,700 times in value over the past 24 years. A $5,000 investment back then is worth about $24 million today. That'll clean up a lot of investment mistakes!

http://www.fool.com/news/commentary/2005/commentary05062404.htm?source=eptyholnk303100&logvisit=...



Cash is King until further notice!!!

My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.

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