If I bought stock in Deere ten years ago through Edward Jones, did Edward Jones send a check straight to Deere and Company for the full amount less commission? If I walked in and sold that stock today, would Edward Jones be reimbursed by Deere? That's all I'm saying, when a company issues stock, that's what they get for it, what it was worth at the initial offering. If I'm wrong, correct me. Anytime that stock trades hands after that initial offering, somebody else is either making or loosing money on it, not the company that issued it, correct or not? I just don't think that people should feel like they're somehow helping the company by buying stock after the initial offering. After that, it's just a gamble on whether the value will go up or down or just simply to get the income from the dividends. Right or wrong? Yes, if the stock value tanks below the value of the initial offering, that's a probably a problem for the company, but otherwise, those trading the stock are assuming all the risk of profit and loss.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
... [Read Article]
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