Aquila closed up today at $3.95 so it looks like Monday’s $2.65/$2.68 bet may pay off. I didn’t have as much money to throw at the stock as I would have liked (I still don’tâ€”I continue to find even $3.88 an absolute steal of deal), and given all the purchasing we’ve done in the past year we’ll continue to be underwater on the average cost per share until it hits $6.40. Oh well, we were at $12-something until Monday’s purchase. An investor can only do so much.
Speaking of which, my latest picks for stock market success are Teco Energy (TE-NYSE) and Pfizer (PFE-NYSE), two of Dad’s long-time favorites. I don’t have any money to put into them right now since we’ll be remodeling the bathroom this month, but if I had any excess cash, that’s were it would go. Feel free to get rich off my advice. No charge. (Similarly, I expect no criminal charge against me if you’re so crazy as to take the financial advice posted on some Internet dude’s web site. Surely there must be better sources of information than what I think.)
My friend Jenny passed this along to me:
If you had purchased $1,000 worth of Nortel stock one year ago, it would now be worth $49. With Enron, you would have $16.50 of the original $1,000. With Worldcom, you would have less than $5 left. If you had bought $1,000 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214. Based on the above, my current investment advice is to drink heavily and recycle.