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![locked post](https://www.tigerdroppings.com/images/layout/lock.gif)
What's the best investment you've ever missed out on?
Posted on 12/23/11 at 7:27 pm
Posted on 12/23/11 at 7:27 pm
Around 1987 I passed on a chance to buy Crystal Oil stock in bankruptcy for 25 cents a share. I had a few thousand dollars in a nest egg, but I was a poor grad student and that was all I had to my name. I decided it was too risky.
7 years later Crystal was out of bankruptcy and trading at $32/share
7 years later Crystal was out of bankruptcy and trading at $32/share
![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
Posted on 12/23/11 at 7:36 pm to Jim Rockford
Tesoro stock was around $0.70 or so in 2000. Right after Katrina it was around $70. ![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
Posted on 12/23/11 at 10:10 pm to Cold Pizza
My own company's stock was down to below $5 in 2009....it hit $45 a month or so ago. smh
Posted on 12/23/11 at 11:22 pm to Jim Rockford
kmart stock was at $.66 when they declared bankruptcy and then put a hold on it. I was thinking about buy $1000 worth of shares=1515 shares.
Kmart now is part of sear holding company and sits at $45.85 a share. 1515 X 45.85=$70,000![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
Kmart now is part of sear holding company and sits at $45.85 a share. 1515 X 45.85=$70,000
![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
Posted on 12/24/11 at 5:35 am to Jim Rockford
I talked myself out of putting down about $5K on a company called America Online ... in 1992.
I remember that at the time it seemed very promising but I was too concerned that it might not beat its competitors Compuserve or Prodigy, or that the major players like AT&T might just buy it instead, limiting the upside potential. And I was young so this was a big investment for me.
The amount I'd considered buying wound up being worth well over $1 million at the peak. No telling when I might have actually sold it but the profits would have been very large at any rate.
I remember that at the time it seemed very promising but I was too concerned that it might not beat its competitors Compuserve or Prodigy, or that the major players like AT&T might just buy it instead, limiting the upside potential. And I was young so this was a big investment for me.
The amount I'd considered buying wound up being worth well over $1 million at the peak. No telling when I might have actually sold it but the profits would have been very large at any rate.
Posted on 12/24/11 at 10:21 am to Jim Rockford
Not going long silver in July 2010. Look at a chart of silver is almost physically painful right now.
Posted on 12/25/11 at 1:57 pm to LSU0358
Wish I would have bought some Sirius when it was done below .15 a share. Today it is at $1.81.
$2,000 @ .15/share = 13,333 shares.
$1.81 @ 13,333 shares = 24,132.00.
![](https://images.tigerdroppings.com/Images/Icons/Iconcool.gif)
$2,000 @ .15/share = 13,333 shares.
$1.81 @ 13,333 shares = 24,132.00.
![](https://images.tigerdroppings.com/Images/Icons/Iconcool.gif)
Posted on 12/25/11 at 2:24 pm to bulldog95
Are we sure all of this equity from once bankrupt companies survived, though?
Posted on 12/25/11 at 5:05 pm to RedStickBR
I thought the same thing initially but was too lazy to go look up the history.
Posted on 12/27/11 at 7:43 am to Jim Rockford
Something like 8 years ago I looked hard at buying Terra Nitrogen stock for $4 and decided the risk of bankruptcy was too great. Those shares would have been worth close to $190 earlier this year. Sigh.
Posted on 12/27/11 at 11:14 am to RedStickBR
Sears, Kmart stores to be shuttered after warning [LINK]
Posted on 12/27/11 at 12:57 pm to bulldog95
quote:
kmart stock was at $.66 when they declared bankruptcy and then put a hold on it. I was thinking about buy $1000 worth of shares=1515 shares.
Kmart now is part of sear holding company and sits at $45.85 a share. 1515 X 45.85=$70,000
Didn't I see where K-Mart & Sears announced they're closing somewhere between 125 & 200 stores nationwide? Maybe its not so dumb after all...
Posted on 12/27/11 at 1:17 pm to Tigris
quote:
Something like 8 years ago I looked hard at buying Terra Nitrogen stock for $4 and decided the risk of bankruptcy was too great. Those shares would have been worth close to $190 earlier this year. Sigh.
Yeah they sold off their retail and dedicated soley to nitrogen production right before NG (the main input in nitrogen production) when to $13. Everyone was waiting in line to nail their coffin shut.
Posted on 12/27/11 at 1:38 pm to TheHiddenFlask
Look at the 4th post.
Posted on 12/27/11 at 1:49 pm to bulldog95
Yep. LsuBrad would have $0 dollars in KMart equity right now.
Posted on 12/27/11 at 2:56 pm to Jim Rockford
To Jim Rockford,
I did buy around 30K shares of Crystal Oil around 1987. Your numbers are a little off because they went through a 10,000 to 1 reverse stock split which means your 25 cent stock was inflated to $25 over night. I sold several years later and essentially broke even. They were eventually bought out by El Paso Power and Light.
Just thought it might ease your mind a little
I did buy around 30K shares of Crystal Oil around 1987. Your numbers are a little off because they went through a 10,000 to 1 reverse stock split which means your 25 cent stock was inflated to $25 over night. I sold several years later and essentially broke even. They were eventually bought out by El Paso Power and Light.
Just thought it might ease your mind a little
Posted on 12/28/11 at 8:17 am to Jim Rockford
In 1995, the college roommate that actually finished in 4 years and is gold when it comes to making money had this guy over who was pitching an idea for a restaurant - he was looking for investors to put up 10k each. I thought it was the worst idea I ever heard and didn't really consider it, although I had the 10k in a mutual fund. My roommate was all over it and invested. Today, my 10k is worth about 20k and his is worth God knows what - it was raising canes.
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