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What's the best investment you've ever missed out on?

Posted on 12/23/11 at 7:27 pm
Posted by Jim Rockford
Member since May 2011
98734 posts
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
Posted by Cold Pizza
Member since Sep 2011
7639 posts
Posted on 12/23/11 at 7:36 pm to
Tesoro stock was around $0.70 or so in 2000. Right after Katrina it was around $70.
Posted by Htown Tiger
Houston
Member since Sep 2005
2314 posts
Posted on 12/23/11 at 10:10 pm to
My own company's stock was down to below $5 in 2009....it hit $45 a month or so ago. smh
Posted by bulldog95
North Louisiana
Member since Jan 2011
20743 posts
Posted on 12/23/11 at 11:22 pm to
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
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 12/24/11 at 5:35 am to
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.
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 12/24/11 at 10:21 am to
Not going long silver in July 2010. Look at a chart of silver is almost physically painful right now.
Posted by nolanola
Member since Nov 2010
7596 posts
Posted on 12/25/11 at 1:57 pm to
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.

Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 12/25/11 at 2:24 pm to
Are we sure all of this equity from once bankrupt companies survived, though?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/25/11 at 5:05 pm to
I thought the same thing initially but was too lazy to go look up the history.
Posted by Tigris
Mexican Home
Member since Jul 2005
12448 posts
Posted on 12/27/11 at 7:43 am to
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 by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/27/11 at 11:14 am to
Sears, Kmart stores to be shuttered after warning [LINK]
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/27/11 at 11:34 am to
wrong thread?
Posted by GFunk
Denham Springs
Member since Feb 2011
14967 posts
Posted on 12/27/11 at 12:57 pm to
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 by Cold Pizza
Member since Sep 2011
7639 posts
Posted on 12/27/11 at 1:17 pm to
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 by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/27/11 at 1:38 pm to
Look at the 4th post.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/27/11 at 1:43 pm to
Oh and also, fwiw (as suspected): [LINK]


eta: You could've bought the new equity at $15, which is still a handsome 200% return for sure, but its not nearly the 6800% return from the pre-bk equity.
This post was edited on 12/27/11 at 1:49 pm
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26590 posts
Posted on 12/27/11 at 1:49 pm to
Yep. LsuBrad would have $0 dollars in KMart equity right now.
Posted by sherlock
Central City
Member since Apr 2007
49 posts
Posted on 12/27/11 at 2:56 pm to
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
Posted by GrantTheFan
Baton Rouge
Member since Nov 2010
336 posts
Posted on 12/28/11 at 8:17 am to
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.
Posted by whiteside
Houston,TX
Member since Oct 2009
714 posts
Posted on 12/30/11 at 12:46 am to
Ouch
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