And it was probably prudent to wait. The investors who wanted to take more risk could do that.
Retroactive reasoning with investments (if I just bought X) is insane.
And it was probably prudent to wait. The investors who wanted to take more risk could do that.
Retroactive reasoning with investments (if I just bought X) is insane.
Indeed.
They IPO'd in 1980, yet their stock price was below the IPO price for the majority of 1980-1987.
It also fell to its IPO price for an extended period of time between 1996-1998.
You hypothetically could have waited 20 years after the IPO before investing without giving up theoretical gains.
> The investors who wanted to take more risk could do that.
What? How? By moving out of Massachusetts? I could understand banning such a speculative stock for e.g. pension funds or whatever, but blocking private individuals from buying with their own money seems insane.