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Washington Mutual and Claudia 

By: Decomposed in BAF | Recommend this post (2)
Fri, 29 Mar 19 4:23 PM | 173 view(s)
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Msg. 03844 of 06530
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Re: "Since I'm long WM I've been following the AF news."
- clo  

You wrote the above in September 2002. Since you don't follow your investments too closely anymore, I wanted to give you an update. Washington Mutual was $34.50 at the time and is $0.00 today following WM's epic collapse in 2008, a loss of about 100.0% in 5 years, or 100.0% in 16½ years if you've still got your certificates today. I note that you never mentioned bailing on it, so perhaps. If so, then . . . uh . . . well done! Here's an article you might want to read to relive those happy days: Worst Stock for 2008: Washington Mutual -- The Motley Fool

I remember you also liked Sears for its cute stockboys (SHLD. -100.0%) and hated Home Depot because you found its high shelves to be really scary (HD. +623.4% plus annual dividends at a current 2.86%) , both being opinions that really made me scratch my head and think.

I don't think I ever told you that I bought and didn't buy based in part on your tips and my understanding of your financial savvy, but I did and I did rather well. So, a belated 'Thank you' from me to you for all the time you put in sharing your market knowledge. I'm sure that OCU and zzfart feel the same.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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