Can anyone find me a good example of a company’s shares that were fairly cheap in recent memory, say 1980 onwards, and are today worth very, very much more? The more well-known the company name, and the bigger / more dramatic the increase in value, the better! Can anyone help? My Google-fu didn’t seem up to the task.
I need verifiable, factual figures, so cites of published sources would help.
Thanks.
Well, are you talking about raw price per share, or are we talking about prices adjusted for dividends or splits. If we’re adjusting for stock splits and dividends, a share of IBM today that’s worth over $82 would have been worth $7.95 in 1980.
A share of Microsoft now is $26 and in 1986, adjusted, was 8 cents.
To get more of these figures, go to finance.yahoo.com and choose a stock symbol to look up. Then select “historical prices”.
For my purpose, really, either raw price per share or ‘value’ in terms of purchasing power would suffice. I really just need a handy, quotable (and genuine) example of a piece of paper (a share certificate) worth hardly anything at one point in time, and then being worth a lot more at a later point in time. Thanks for the suggestion re finance yahoo.