Excerpt from The Faber Report (and written in 2003!)"If you bought $1,000 worth of Nortel stock one year ago (EDIT: 2002), it would now be worth $49. $1,000 worth of BroadVision is now worth $22. $1,000 worth of JDSU is now worth $52. Now consider this... If you bought $1,000 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, and traded in the cans for the nickel deposit, you would have $79. My advice... start drinking heavily."
A 2009 update? $1000 worth of shares bought in 2003 would be: Nortel - $0, bankrupt and gone. Broadvision approx. $65. JDSU would be worth about $16.
No comments:
Post a Comment