What if you had bought Apple stock in 1997?
Buying 100 shares back then was a fairly small investment that would have brought big returns.
He didn't have the faith of investors back in 1997, when he returned to Apple Computer. The company was barely hanging on, and when Jobs was named interim chief executive in September, the stock price was around $21.81 (or $5.45 adjusted for splits).
What if you had believed in him back then? What if you had bought 100 shares and sold them on Aug. 24, 2011, the day Jobs resigned as CEO?
Apple (AAPL) shares gained nearly 6,700% in that time. And those 100 shares? They eventually turned into 400, and you would have come away with a cool $150,000 or so before taxes.
That investment would have required a lot of patience, however. Apple's share price stayed below a split-adjusted $8 until 2003. Then it began a slow climb until a 2-for-1 stock split in 2005. After that, the stock had more explosions than a Michael Bay movie.
The big question, of course, is what will happen to Apple shares now. Chief executive Tim Cook, an operations whiz who has been at the company since 1998, seems to have maintained investor confidence. Shares have dipped only about 1.6% since Jobs resigned -- and that's even after this week's ho-hum debut of the iPhone 4S. Shares closed Friday down 2% to $369.80.
One of a CEO's most important duties is to build a company that performs even after his or her departure, and Jobs likely did that very well. So investors are sticking with Apple even after its tremendous loss.
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some 12 years ago someone told me to invest everything I had in Yahoo, I asked him are you sure, because it seemed like a silly investment,, BUT, I took the plunge and sank all my cash into it.
Not until a year later did I realize I had bought YooHoo, the chocolate drink,
So please buy some , ( I wanna die)
The silver lining in Jobs' untimely demise is the inadvertent focus of attention on what's still great about this country. I sincerely hope we haven't seen the last of the garage and dorm room tinkerers that led to the Apples, MicroSofts, and Facebooks of the world.
We need our best and brightest to continue the evolution of IT, high tech, and manufacturing breakthroughs. Unfortunately, many of our youngest and brightest computer engineering, business, and math graduates are recruited for grooming in the financial sectors and their mega volume stock and investment trading supercomputers. What has that done for us lately?
Yeah, Kim Peterson has her math wrong here. She forgot the splits. She should have written that you'd have 400 shares at current market value since it's split twice on Jobs' watch. That's over 120k.
In other words...what if you had a crystal ball and could predict a company's earnings future? At that particular moment in the Apple continuum, a share of Apple stock was toxic before the term toxic was even considered cool.
But if you took the time to consult your crystal or Magic 8 ball, you would have done well. Is there really a point to this story other than Jobs was THE MAN? Maybe that's it!
RIP one of America's last great innovators and true entrepreneurs.
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