10-16-2015, 10:42 AM
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#2
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Veteran
Join Date: Nov 2010
Location: KC
Casino cash: $9925938
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Quote:
Originally Posted by Rain Man
On December 21st I was looking for a stock to buy with some extra cash, and I liked Heinz, the ketchup company. It's pretty stable and pays a nice dividend, and I've really liked dividend stocks the past few years. So I bought $5,000 worth. It's gone up a couple of percent over the last couple of months, and I've been good with that since that's a very good annualized return so far.
Today it was announced the Berkshire Hathaway is buying Heinz. The stock is up 20% today. Blammo. I sold out my initial $5,000 worth, left the profit in, and I now have $1,200 of free Heinz ketchup stock for two months of investment.
God, I love America.
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Posts: 3,859
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