pierre@pro-graphics.cts.com (Pierre Altamore) (08/27/90)
Reply to a few Commodore stock posts -
Commodore is listed in the NYSE as CommodoreInt or CBU. If you have any LONG
term spare change sitting around you might want to consider Commodore.
Depending on how the Gulf 'crisis' goes it'll be a real winner in the years to
come. If the Saudi's and others beef up oil production AND the crisis ends in
our favor, there will be an oil glut sending oil prices spiraling down and
high tech stocks will go through the roof. CBU is poised to be one of the
biggest movers due to a few things - recent benificial reorganization, recent
release of a flurry of potentially huge sellers and it's undervalued status in
relation to other high tech issues. It is a risk however, the chairman is
unpredictable and investors in general don't like him. Commodore stock is
ranked 5 LOWEST for safety by Value Line. Thanks GOD they stopped the absurd
splits that dominated the early 80s. From 1980-1983 Commodore stock split (3
for 2, 3 for 1, 3 for 2 and 2 for 1) EVERY year! It seems like the goofball
management is gone and CBU will finally begin to settle down and move. I'm
buying..
UUCP: ...crash!pro-graphics!pierre | Critical Mass Software
ARPA/DDN: pro-graphics!pierre@nosc.mil | P.O. Box 23
Internet: pierre@pro-graphics.cts.com | Short Hills, NJ 07078thad@cup.portal.com (Thad P Floryan) (08/28/90)
pierre@pro-graphics.cts.com (Pierre Altamore) in <4136@crash.cts.com> writes:
" [...]
Thanks GOD they stopped the absurd splits that dominated the early
80s. From 1980-1983 Commodore stock split (3 for 2, 3 for 1, 3 for 2
and 2 for 1) EVERY year! It seems like the goofball management is
gone and CBU will finally begin to settle down and move. I'm buying..
"
Uh, let's not forget the REASON Commodore stock split so many times back
then. It would go up to $120 a share, split down to around $60/share, go
back up to $110-$120 a share, split down again, etc etc.
Prior to those "absurd splits", back in the early 70's, the stock was around
$2 or $3 per share and it was rare for it to trade even 500 shares a WEEK. I
remember it taking several weeks to buy the number of shares I wanted back
then simply because there weren't that many shares traded on the exchange.
To put that era (early 70's) into perspective, that's when most new cars cost
around $3,000, a brand new Rolls-Royce would cost $19,000, Cadillacs cost
$6,000, and the US had just put a man on the moon a few years earlier. :-)
Thad Floryan [ thad@cup.portal.com (OR) ..!sun!portal!cup.portal.com!thad ]Doug_B_Erdely@cup.portal.com (08/30/90)
Careful Thad, your showing your age! :) - Doug - Doug_B_Erdely@Cup.Portal.Com