Penny stocks...?

[thebayratt]

This may be a little off subject but I wish I had bought K-mart when they went "under". Thier stock went down to like 5cents i think in 2005, they bought Sears out and changed stock name to "SHLD".... and look at it today: $73.09.
I not sure how the merger from KMRT to SHLD went money wise, if the KMRT disolved out or just went to SHLD...

Think about if you had bout $100 or $200 worth of the stocks when it was a nickel.... how much you would have today if it moved over?? ALOT

If I had a thousand or more extra dollars in my bank acount, I'd deffinately try a few penny stocks. I got a decent amount in stocks with the company I work for. So, for now, I'm content.

[larryinlc]

Originally Posted by thebayratt

This may be a little off subject but I wish I had bought K-mart when they went "under". Thier stock went down to like 5cents i think in 2005, they bought Sears out and changed stock name to "SHLD".... and look at it today: $73.09.
.

Actually, that Kmart stock wasn't worth the paper it was printed. In a bankruptcy, the stock becomes worthless in most cases. I believe the stock you are now refering to was newly issued stock when the company emerged from bankruptcy.

Larry