A TALE OF TWO STOCKS - A TALE OF TWO STOCKS It was the best...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
A TALE OF TWO STOCKS It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, …. Charles Dickens, A Tale of Two Cities, November 1859 Forbes publishes an annual list of the world’s billionaires. The 2010 list can be found at http://www.forbes.com/lists/2010/10/billionaires-2010_The-Worlds-Billionaires_Rank.html The top two American’s on the 2010 list are Bill Gates (#2) and Warren Buffett (#3). Warren Buffett was #2 in 2009 and #1 in 2008. Bill Gates was #1 in 2009, #3 in 2008, and #1 in the prior 13 years. Bill Gates was the CEO of Microsoft Corporation (MSFT). Microsoft was founded in 1975, went public on March 13, 1986. The IPO price was $21 and the shares closed trading on March 13, 1986 at a price of $28.00. Microsoft paid its first cash dividend in 2003 ($0.08 per share), paid a special dividend of $3.00 per share in 2004, and currently pays a cash dividend of $0.16 per quarter. The shares closed trading on November 5, 2010 at $26.85. (Market capitalization $229.7 billion). Warren Buffett is the CEO of Berkshire Hathaway (BRKA) and is known as the Oracle of
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/27/2012 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.

Page1 / 2

A TALE OF TWO STOCKS - A TALE OF TWO STOCKS It was the best...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online